s 17
In forceWhat is the land’s expected realisation
Chapter 2Valuations
Part 2Valuation methodologies
Division 3Site value and unimproved value
Subdivision 1Preliminary
17 What is the land’s expected realisation
(1)
The expected realisation of land under a bona fide sale is the capital sum that its unencumbered estate in fee simple might be expected to realise if that estate were negotiated for sale as a bona fide sale.
(2)
In this section—
unencumbered means unencumbered by any lease, agreement for lease, mortgage or other charge.
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