Severance damages definition
Severance damages means the compensation due to a property owner for the decrease in value of the remaining property where the Condemnation is for a portion of a larger property whose value has been diminished as a result of severance of the condemned property from the larger property.
Severance damages means loss in value of the remainder of a parcel resulting from an acquisition.
Severance damages means loss in value of the remainder of a parcel resulting from
Examples of Severance damages in a sentence
Severance damages shall be determined by methods acceptable in accordance with Florida law.
More Definitions of Severance damages
Severance damages means loss in value of the remainder of a parcel resulting from acquisition.
Severance damages. Where there is a partial taking, any loss in value caused by the partial taking is referred to as “Severance Damages”. Severance Damages are compensable if the partial taking lowers the highest and best use or otherwise limits the use of the remainder of the property. The Dictionary of Real Estate Appraisal, Third Edition, defines severance damages as “In a partial taking, a decline in the market value of the remainder that arises as a result of the taking and/or the construction of the proposed improvement.”
Severance damages means damages suffered by Lessor as to a particular portion or portions of the Leased Land which are caused by Lessee's taking or using portions of Leased Land for its operations hereunder which result in restricting Lessor's use of the remaining land, reduce efficiency of Lessor's operations or the productivity of the remaining land, or diminish its value;