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Current as of October 02, 2022 | Updated by FindLaw Staff
To facilitate land acquisition, Federal agencies must, among other things—
(a) Appraise the real property before starting negotiations and give the owner (or the owner's representative) the opportunity to accompany the appraiser during the inspection;
(b) Establish an amount estimated to be the just compensation before starting negotiations and promptly offer to acquire the property for this full amount;
(c) Try to negotiate with owners on the price;
(d) Pay the agreed purchase price to the property owner, or in the case of a condemnation, deposit payment in the registry of the court, for the benefit of the owner, before requiring the owner to surrender the property; and
(e) Provide property owners (and occupants) at least 90 days' notice of displacement before requiring anyone to move. If a Federal agency permits the owner to keep possession for a short time after acquiring the owner's property, Federal agencies must not charge rent in excess of the property's fair rental value to a short-term occupier.
Cite this article: FindLaw.com - Code of Federal Regulations Title 41. Public Contracts and Property Management § 102–73.265 What actions must Federal agencies take to facilitate land acquisition? - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-41-public-contracts-and-property-management/cfr-sect-41-102-73-265/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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