What is 'inverse condemnation'?
Why When a property owner sues the government for compensation due to government action that damaged or reduced property value Is Correct
Answer B: When a property owner sues the government for compensation due to government action that damaged or reduced property value
Key Land Use & Zoning Terms in This Question
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Key Terms to Know
The power of government to take private property for public use, with the requirement to pay the owner just compensation.
Private Mortgage Insurance (PMI)Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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