What is the definition of "eminent domain"?

The definition of "eminent domain" describes the government's inherent authority to appropriate private property for public use, provided that the property owner is compensated fairly for the market value of the property taken. This legal concept is fundamental in property law, balancing the needs of society and infrastructure development against the rights of individual property owners.

In this context, eminent domain is often utilized for purposes such as constructing roads, schools, or other public facilities that benefit the community. The requirement for compensation ensures that property owners are not unjustly deprived of their property without receiving appropriate restitution.

The other options do not accurately represent the legal concept of eminent domain. The ability to increase property taxes pertains to government revenue measures, while the right of individuals to own multiple properties refers to personal property rights. A property management strategy typically involves the administration and operational management of real estate assets, which is unrelated to the government’s right to acquire private property for public purposes.