Owner of Displacement Dwelling
A displacee is considered to have met the requirement for
ownership of a displacement dwelling if the person holds any of
the following interests in real property acquired:
- fee title, a life estate, a land contract, a 99-year lease, or a lease with at least 50 years to run from the date of acquisition, including any options for extension;
- an interest in a cooperative housing project that includes the right to occupy the displacement dwelling;
- a contract to purchase any of the interests or estates described immediately above; or
- any other interest, including a partial interest, which, in the judgment of TxDOT, warrants consideration as ownership.