compulsory purchase

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compulsory purchase

the process by which land is legally acquired for public use, irrespective of the wishes of the owners. There are two procedures under which this may be achieved: the first involves the service of a notice to treat (compensation is determined on the basis of the market value of the land at the date of the notice) or through a general vesting declaration by the acquiring authority, as a result of which the land vests in the authority from the date of the declaration.
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Above all, if you receive a compulsory purchase order to purchase your land or a statutory notice to lay pipes or cables then call the RICS helpline for advice from a chartered surveyor.
In terms of compensation, it is paid out to reflect the losses and disturbance caused by a compulsory purchase or statutory scheme on an owner or occupier's property.
If a chartered surveyor is called in over a compulsory purchase or statutory power, the acquiring or statutory authority - for example, the Highways Agency or Water Company - will pay your chartered surveyor's reasonable fees based on a valid claim.