What specific information must be included in the summary statement for the owner that explains the basis for just compensation?

  1. Law
  2. CFR 41
  3. Public Contracts and Property Management
  4. Federal Property Management Regulations System
  5. Federal Management Regulation
  6. Real Property
  7. Real Estate Acquisition
  8. Acquisition by Purchase or Condemnation
  9. Just Compensation
  10. What specific information must be included in the summary statement for the owner that explains the basis for just compensation?

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§ 102-73.275 What specific information must be included in the summary statement for the owner that explains the basis for just compensation?

The summary statement must -

(a) Identify the real property and the estate or interest the Federal agency is acquiring;

(b) Identify the buildings, structures, and other improvements the Federal agency considers part of the real property for which just compensation is being offered;

(c) State that the Federal agency based the estimate of just compensation on the Government's estimate of the property's fair market value. If only part of a property or less than a full interest is being acquired, Federal agencies must explain how they determined the just compensation for it; and

(d) State that the Government's estimate of just compensation is at least as much as the property's approved appraisal value.


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