Compensation in Virginia is broader than the value of the ground that changes hands. The parts owners miss are usually the largest.
Article I Section 11 states that just compensation shall be no less than the value of the property taken, lost profits and lost access, and damages to the residue.
That sentence does a great deal of work. It means a Virginia offer built only on the acre or the strip acquired may be addressing one part of a four part measure.
What the property would bring between a willing buyer and seller.
ExplorePartial TakingWhen a strip is acquired and you keep the rest.
ExploreRemaining PropertyDamages to the residue, often the largest component.
ExploreLost Profits and Lost AccessCompensable in Virginia since the 2012 amendment.
ExploreEasementsWhat a permanent or temporary easement takes.
ExploreBusiness PropertyAccess, parking, visibility and operations.
ExploreWhat the property was worth as it stood.
The interest actually acquired, whether fee or easement.
What remains, in the condition the project leaves it.
Whether access is materially impaired.
Where a business on the property loses profits.
Tell us what you were offered and we will point you to the resources on each component.
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