compulsory purchase

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compulsory purchase

purchase of a house or other property by a local authority or government department for public use or to make way for development, regardless of whether or not the owner wishes to sell
References in periodicals archive ?
The terms of the Compulsory Purchase Acts mean that small and medium businesses will be offered the value of their property plus an additional sum of up to 10 per cent to compensate for inconvenience.
Kelvin Francis residential spokes- person for RICS (Royal Institution of Chartered Surveyors) Wales explains that if there is a public or private construction project being planned for your area, you need to be aware of compulsory purchase
Compulsory purchase is when the Government, local council or utility company has the right to buy or take rights over your private property if it falls within a public or private construction project.