Are you a Sign Owner facing eminent domain? If so, it is the responsibility of the taking authority to get a reliable appraisal of your sign. However, you as a Sign Owner, have the right to obtain an appraisal on your own from an expert that estimates the fair market value of your sign. In some states, a private property owner’s expert appraisal fees are even paid by the condemning authority.
The principals and staff of SignValue have extensive experience appraising signs for Sign Owners and their legal representation for Eminent Domain cases throughout the United States.
Call us at 480-657-8400 or email us at [email protected] to get a fair market value appraisal of your sign.
What is Eminent Domain
State and local government authorities have the statutory right to exercise the power of Eminent Domain. Eminent Domain is the right to acquire private property and condemnation is the process that occurs to acquire that property.
Eminent Domain May be Used For
- Right-of-way
- Corridor
- Storm water retention
- Permanent easements
- Temporary construction easements
- Avigation (aviation)
- Conservation or a number of other uses.
If you are a Sign Owner who is about to lose their sign due to eminent domain, the government agency that is exercising eminent domain is required to buy your billboard property or help you find an equivalent site for relocation.
What You Can Do
To prepare yourself and get the best outcome from the eminent domain seizure, you will want to take these steps:
- Collect information about your sign (permits, land lease, easement or deed, advertising leases, plat maps, engineering drawings, specs, construction invoices, financial statements, etc.)
- Get a Professional Appraisal of your billboard interests. You can begin this process by contacting us at 480-657-8400 or email us at [email protected].
- As a Sign Owner, you will want to know all of your legal rights in your state. The best way to do this is to hire a good eminent domain attorney who has experience with billboards being taken due to eminent domain.
- Work closely with the landowner.
- Be reasonable and look for opportunities to work together.
Call us at 480-657-8400 or email us at [email protected] to get a fair market value appraisal of your sign.