compensatory

Monetary awards intended to reimburse a party for losses incurred due to another’s wrongful action or negligence are a common remedy in property-related disputes. These awards aim to make the injured party whole again, restoring them to the financial position they would have occupied had the wrongful conduct not occurred. For example, if a seller fails to disclose a known structural defect in a home, resulting in expensive repairs for the buyer, a court may order the seller to pay an amount covering the repair costs.

This form of restitution plays a critical role in ensuring fairness and accountability in property transactions. It provides a crucial safety net for individuals and entities harmed by breaches of contract, misrepresentation, or other forms of misconduct. Historically, the concept evolved from common law principles seeking to rectify injustices and prevent unjust enrichment. By providing financial recourse, it encourages responsible behavior and promotes stability within the market.