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LSDefine

Simple English definitions for legal terms

similar sales

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A quick definition of similar sales:

Similar sales refer to the sales of similar properties in the same area and time frame, which are used to determine the value of a specific property in a condemnation action. This means that if a property is being taken by the government for public use, the value of the property can be determined by looking at the prices of similar properties that were sold nearby. It's like comparing the price of one toy to the price of other toys that are similar to it.

A more thorough explanation:

Definition: Similar sales refer to sales of like property in the same locality and time frame, which are admissible in a condemnation action to determine the marketable value of the particular property at issue.

Examples: In an eminent domain case, if the government is acquiring a property, the value of the property can be determined by looking at the prices of similar properties in the same area that were sold around the same time. For instance, if the government is acquiring a commercial property, the value of the property can be determined by looking at the prices of other commercial properties in the same area that were sold around the same time.

Explanation: Similar sales are used to determine the fair market value of a property in an eminent domain case. By looking at the prices of similar properties in the same area that were sold around the same time, the value of the property at issue can be determined. This helps ensure that the property owner receives fair compensation for their property.

similarity | similiter

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9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
babycat
9:55
it’s true he sent me feet pics (unsolicited!)
babycat
9:56
poor little glovey
babycat
9:56
it’s illegal to make you work on a snow day
BulbasaurNoLikeCardio
9:57
Free feet pics sounds like you saved some money
snow
9:59
wish it was snowing in texas rn
Dkk
9:59
Man, hate this conversation cus it just reminds me of the gay guy that used to always ask me for them.
BulbasaurNoLikeCardio
9:59
That cold snap that hit texas is heaven though, opening windows in the house and using the fireplace
snow
10:00
it really is bulb. it was hot as hell for the longest time
BulbasaurNoLikeCardio
10:00
@Dkk: You could of made so much money
that sounds heavenly
babycat
10:00
Aw Dkk has trauma from the gay guy who wanted to fuck his arches
snow
10:00
lmaooooo
BulbasaurNoLikeCardio
10:00
@snow: winter is tattoo season and since that cold snap hit I got one done and have three sessions scheduled lol I love the cold
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