16333 Lecture Notes - Lecture 3: Remainderman, Easement, Compulsory Process Clause
Document Summary
Hong kong: home purchase allowance (hpa): an allowance based on a 7 year old property in the same location. Conclusion: a sum of money, albeit market value, is not parity of value or just terms compensation if the dispossessed cannot reinstate their habitat or livelihood. In this regard the should the acquiring authority only offer compensation that covers extinguishment of an interest. All interests in land are compensable: sect 37 right to compensation if land compulsorily acquired. An owner of an interest in land which is divested, extinguished or diminished by an acquisition notice is entitled to be paid compensation in accordance with this part by the authority of the state which acquired the land. Financial interest of a profit rent: market rent: ,000 p. c. m, current rent: ,000 p. c. m, profit rent: ,000 p. c. m. Rent review to market in 24 months, discount rate 6 per cent p. a. ,000 pmt, 24n, 6/12i, cmpt pv = ,351.
