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Definition Of Just Compensation:


See compensation.
Other definition of Just Compensation- Compensation provided to an owner whose private real property is seized by the government'spower of eminent domain, which allows it totakesuch property for public use. For example, when the national highway system was being constructed in the 1950s, many homeowners had their property seized through eminent domain because the government wanted the land to build the highway system. The just compensationremedy is provided by the Fifth Amendment's taking clause, andis usually considered to be fair market value. However, what the government considers just compensation may not be considered as such by the person whose property is seized. One reason whyan individual wholoses his home to eminent domain may not consider the fair market value of the property to be just compensation is because it does not take into account the time, stress, and expense of locating, purchasing, and moving to a new property. Just compensation also fails to account for the loss of neighborhood social networks or the emotional ties the owner may have to the property.

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