Exaction
id:
exaction-267-4309809
title:
Exaction
text:
An exaction is a concept in US real property law where a condition for development is imposed on a parcel of land that requires the developer to mitigate anticipated negative impacts of the development. The rationale for imposing the exaction is to offset the costs, defined broadly in economic terms, of the development to the municipality. Exactions are similar to impact fees, which are direct payments to local governments instead of conditions on development.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Exaction
date created:
date modified:
2024-04-18T19:47:37Z
main entity:
{"identifier":"Q5419225","url":"https://www.wikidata.org/entity/Q5419225"}
image:
fields total:
13
integrity:
13