Queensland Consolidated Acts
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LAND VALUATION ACT 2010 - SECT 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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