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LSDefine

Simple English definitions for legal terms

specialty property

Read a random definition: judgment debt

A quick definition of specialty property:

A specialty property is a unique type of property, such as a church or cemetery, that cannot be easily bought or sold on the market. When the government needs to acquire this type of property for public use, they determine its value by calculating the cost to reproduce it, minus any depreciation. This is known as eminent domain and is used to ensure fair compensation for the property owner.

A more thorough explanation:

Specialty property refers to unique properties that are not easily marketable, such as churches or cemeteries. In legal terms, it can also refer to a contract under seal or the doctrine of specialty.

When it comes to eminent domain, the value of specialty property is determined by measuring its reproduction cost and subtracting any depreciation. This is because the property cannot be easily replaced or replicated, making its value difficult to determine through traditional market methods.

For example, if a city wants to build a new highway and needs to acquire land that includes a historic church, the value of the church would be determined using the reproduction cost method. This takes into account the cost of rebuilding the church from scratch, minus any depreciation due to age or wear and tear.

specialty doctrine | special use

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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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