Council delays land bank, allocates $75K for landlord fund
“The Charlottesville City Council has delayed the creation of a public-private, nonprofit land bank corporation, but has agreed to allocate $75,000 to a new city Landlord Risk Reduction Fund. After the council adopted a resolution…
Has The Link Between Business Goodwill And Profits Been Severed?
“When property is taken by eminent domain, the owner of a business operated on the property is entitled to compensation for any “business goodwill” lost due to the taking. Usually, “goodwill” translates into a business’s…
A Condemnation Action is Looming — What are a Landlord’s Disclosure Obligations to Potential Lessees?
“Before an eminent domain action is filed, public infrastructure projects involve years of planning, environmental approvals, design, and property negotiations. During this time, property owners and real estate agents/brokers are often faced with deciding what…