11:43
Personal stuff with my ex :/. I wanted to vent to strangers on the internet lol
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Simple English definitions for legal terms
condemnation blight
Read a random definition: safe-berth clause
A quick definition of condemnation blight:
Condemnation blight refers to two things: the decrease in value that a property experiences when it is targeted for condemnation, and the physical decay that the property may undergo in anticipation of the taking. This means that the property may become less valuable and may deteriorate in condition before it is actually taken by the government.
A more thorough explanation:
Definition: Condemnation blight refers to the reduction in value or physical deterioration of a property that is targeted for condemnation, which occurs in anticipation of the taking.
Example 1: A city announces plans to build a new highway that will run through a neighborhood. Homeowners in the area may experience condemnation blight as they anticipate the loss of their homes and the disruption to their community. As a result, the value of their homes may decrease, and the properties may become neglected or poorly maintained.
Example 2: A business owner learns that the government plans to acquire their property for a public project. In anticipation of the taking, the owner may neglect the property or fail to make necessary repairs, leading to physical deterioration and a decrease in value.
These examples illustrate how condemnation blight can occur when property owners anticipate the loss of their property due to government action. The uncertainty and stress of the situation can lead to neglect and deterioration, which can further reduce the value of the property.