Section 26 Reversionary Interests-Valuation

• Library: Condemnation Practice 2009

A reversionary interest may be considered a determinable interest if the project for which the property stands condemned will affect the subject property at the time the reversionary interest becomes effective. The valuation of such an interest and the potential damage incurred would be the challenge for the expert appraisers.

Experience in the valuation of estates is an absolute requirement for an appraiser in this type of case. In addition, counsel should be familiar with the laws governing such...