Eminent domain is the right of the government to take private property for public use. “Condemnation” is the formal act of exercising the power to transfer title to the subject property. Small business owners facing eminent domain pressure may encounter challenges and concerns. Condemnation can cause a business to lose one of its main assets. A business owner who purchased a property years earlier may have to pay significantly more for a comparable space. If the business owned the building outright, the company may have to take on mortgage payments to relocate.