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Appropriation
By Contributor on August 25, 2019
Appropriation in real estate refers to the selecting and setting aside of land for public use.
The parcel of land involved can be either state-owned or privately owned.
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These details can result in the process being called dedication or condemnation.
Sometimes land might be taken to use for purposes such as schools or parks.
It can also refer to the taking of public property (such as water from a natural water source like a stream) for private use.
This can sometimes lead to developers unable to proceed with construction works as they have yet to obtain the necessary appropriation from the relevant authorities.
When referred to in terms of the government, appropriation can mean to set aside government funds for a public project.
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