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VALUATION OF LAND ACT 1916 - SECT 14H
Valuing rent-controlled land
14H Valuing rent-controlled land
(1) Land that is
"rent-protected" is to have its land value determined taking into account any
restriction imposed by the Landlord and Tenant (Amendment) Act 1948 on the
rent at which any premises or part of premises on the land may be let.
(2)
Land is
"rent-protected" if the Valuer-General has determined that a fair rent is
applicable to any premises or part of premises on the land under the
Landlord and Tenant (Amendment) Act 1948 .
(3) The Valuer-General may, and
on the application of the owner of land must, make a determination as to
whether a particular parcel of land is rent-protected.
(4) An application
under subsection (3) is to be in the form required by the Valuer-General and
accompanied by such supporting information as the Valuer-General may request.
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