What is a 'taking by regulation' (regulatory taking) under Delaware law?
Why A government regulation that goes so far in restricting property rights that it is equivalent to a physical taking requiring just compensation Is Correct
Answer B: A government regulation that goes so far in restricting property rights that it is equivalent to a physical taking requiring just compensation
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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.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
DepreciationA reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
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