Pennsylvania § 713 - Delay compensation.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 713 — Delay compensation., with citation guidance and answers to common questions.
§ 713. Delay compensation.
(a) General rule.--Compensation for delay in payment shall be paid at an annual rate equal to the prime rate as listed in the first edition of the Wall Street Journal published in the year, plus 1%, not compounded, from:
(1) the date of relinquishment of possession of the condemned property by the condemnee; or
(2) if possession is not required to effectuate condemnation, the date of condemnation.
(b) Exclusion.--
(1) No compensation for delay shall be payable with respect to funds paid on account or by deposit in court after the date of the payment or deposit.
(2) During the period the condemnee remains in possession after the condemnation:
(i) the condemnee shall not be entitled to compensation for delay in payment; and
(ii) the condemnor shall not be entitled to rent or other charges for use and occupancy of the condemned property by the condemnee.
(c) Award or judgment.--Compensation for delay shall not be included by the viewers or the court or jury on appeal as part of the award or verdict but shall, at the time of payment of the award or judgment, be calculated under subsection (a) and added to the award or judgment. There shall be no further or additional payment of interest on the award or verdict.
Cross References. Section 713 is referred to in section 521 of this title.
Frequently Asked Questions About Pennsylvania § 713
What does Pennsylvania Consolidated Statutes § 713 cover?
Section 713 ("Delay compensation.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 713?
A common citation format is "Pennsylvania Consolidated Statutes § 713" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 713 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.