State and local government authorities and private utility companies have the statutory authority right to exercise the power of eminent domain. Eminent domain is the right to acquire the property and condemnation is the process that occurs to acquire that private property. The purpose for the eminent domain real estate acquisition may be for right-of-way, corridor, storm water retention, permanent easements, temporary construction easements, avigation (aviation), conservation or a number of other uses. With the Florida eminent domain condemning authority requirements comes the needs for a Florida real estate appraisal company specializing in the area of eminent domain valuation.
The principals and staff of Florida Valuation have extensive experience leading large eminent domain projects for condemning authorities as well as working for property owners and their legal representation on parcels throughout the state of Florida. Within the state of Florida, expert appraisal fees for the property owner are paid by the condemning authority (Florida Statute – 73.091). Parcels impacted by eminent domain proceedings will need an unbiased and independent real estate appraisal after receiving an initial offer from the condemning authority.