Real Estate Glossary

What is Eminent Domain?

Eminent domain is the power of the government or a government agency to acquire private property for public use, with the payment of just compensation. Eminent domain is based on the principle that the government has the authority to act in the best interests of the public, and it may be exercised for a variety of purposes, such as the construction of roads, schools, or other public facilities. Eminent domain may also be exercised by a utility company or other entity that has been granted the right to acquire property for the purpose of providing public services. Eminent domain may be controversial, as it may involve the involuntary acquisition of private property and may raise questions about the fairness of compensation.