Blight rights
Article Abstract:
A UK government working party is considering compensation payments for property which has suffered from depreciation in value, due to a proposed infrastructural development project. Rules concerning compensation for blighted property are set out in the 1990 Planning Act, but it does not include statutory compensation for people whose property has decreased in value due to a proposed scheme. The government has agreed to pay 5,000 pounds sterling to those who live 100m from the Channel Tunnel Rail Link and who can prove that the value of their home has decreased by at least 15%.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1997
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The best approach
Article Abstract:
Developers will not receive planning permission if the proposed development does not have full access rights. The existence of a public right of way across the land could cause difficulties for a developer although by utilizing the Highways Act 1980 section 116 the route of a public highway can be changed or stopped by magistrates. The application for the change must be made by the local authority. The developer can apply to the Secretary of State under section 247 of the Town and Country Planning Act 1990. The cost of purchasing access rights to land can be very high.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
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Cite all concerns
Article Abstract:
Land sale agreements in the UK must include a definition of what satisfactory planning permission actually means to both parties. To avoid both sides in a sale being misled, the actual planning permission which likely to be granted should be fully discussed. The purchaser should ensure that any agreements will not be acceptable if planning regulations affect their likelihood of a successful development. Retail developers will need a certain size of outlets and car parking facilities in order to be attractive to purchasers and their customers.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1997
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Comment about this article or add new information about this topic: