70. Restrictive Covenants
1. Estates In Land/Restrictive Covenants: A restrictive
covenant is an interest in property requiring just compensation for its taking
by eminent domain. Meredith v. Washoe Co. Sch. Dist.,
84 Nev. 15, 17, 435 P.2d 750 (1968) (#40)
2. Estates In Land/Restrictive Covenants: "The measure
of compensation is the value of the interest that is extinguished. But since the
value of a restrictive covenant cannot be in the abstract, we must look at the
market value of the dominant tenement before and after the taking. In substance,
the value of the loss offset by the value of the benefits is the amount of compensation
to be awarded. NRS 37.100." Id. at 19 (#40)