Eminent Domain
Eminent Domain is the power of the government to take private property for public use, provided that the owner is compensated fairly. This process is often used for projects like building roads, schools, or parks, which benefit the community as a whole.
The Fifth Amendment of the U.S. Constitution protects property owners by requiring that the government pays just compensation when exercising this power. This means that the property owner should receive a payment that reflects the fair market value of their property, ensuring they are not unfairly disadvantaged.