Michael Rikon In General
In a condemnation case, real estate is valued as if it is free and clear of all leases, mortgages or encumbrances. It is a fair market valuation. Matter of City of New York (Bronx River Expressway), 278 App. Div. 813 (1d Dept, 1951).Specialty Property: The Cost Approach in Estimating Value
In General In a condemnation case, real estate is valued as if it is free and clear of all leases, mortgages or encumbrances. It is a fair market valuation.…
April 24, 2023 at 10:42 AM
7 minute read
Michael Rikon
In General
In a condemnation case, real estate is valued as if it is free and clear of all leases, mortgages or encumbrances. It is a fair market valuation. Matter of City of New York (Bronx River Expressway), 278 App. Div. 813 (1d Dept, 1951).
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