Law Books
Adverts from Google:
|
Home |
lawindexpro |
law-bytes |
law-index |
statutes |
Law Books |
Discuss Law |
lip-cases |
Contact Us
|
|
|||
Land Compensation Act 1961 (-)
Search lawindexpro for case law on this statute.
This document is for private study purposes only. It is likely not to reflect the law as it stands today. It may be incomplete, and some provisions are likely to have been repealed or amended, and new ones inserted.
5 Rules for assessing compensation
Compensation in respect of any compulsory acquisition shall be assessed in accordance with the following rules:
(2) The value of land shall, subject as hereinafter provided, be taken to be the amount which the land if sold in the open market by a willing seller might be expected to realise :
(5) Where the land is, and but for the compulsory acquisition would continue to be, devoted to a purpose of such a nature that there is no general demand or market for land for that purpose, the compensation may, if the Lands Tribunal is satisfied that reinstatement in some other place is bona fide intended, be assessed on the basis of the reasonable cost of equivalent reinstatement :
(6) The provisions of rule (2) shall not affect the assessment of compensation for disturbance or any other matter not directly based on the value of land :
