Queensland Consolidated Acts

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LAND VALUATION ACT 2010 - SECT 17

What is the land’s expected realisation

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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