Paragraph 13 F1

England and Wales

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 6 para. 3(1)(c) words substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(4)
Sch. 6 para. 4(2) words substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(5)(a)
Sch. 6 para. 4(2) words substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(5)(b)
Sch. 6 para. 10(2) word substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(6)
Sch. 6 words substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(2)
Sch. 6 words substituted by Commonhold and Leasehold Reform Act 2002 Sch. 8 para. 40(3)
Sch. 6 omitted by Leasehold and Freehold Reform Act 2024 s. 36(4)

(1)

Where the owner of any such freehold or leasehold interest as is mentioned in paragraph 10(1) or (2) (“relevant interest”) will suffer any loss or damage to which this paragraph applies, there shall be payable to him such amount as is reasonable to compensate him for that loss or damage.

(2)

This paragraph applies to—

(a)

any diminution in value of any interest in other property belonging to the owner of a relevant interest, being diminution resulting from the acquisition of the property in which the relevant interest subsists; and

(b)

any other loss or damage which results therefrom to the extent that it is referable to his ownership of any interest in other property.

(3)

Without prejudice to the generality of paragraph (b) of sub-paragraph (2), the kinds of loss falling within that paragraph include loss of development value in relation to the property in which the relevant interest subsists to the extent that it is referable to his ownership of any interest in other property.

(4)

In sub-paragraph (3) “development value”, in relation to the property in which the relevant interest subsists, means any increase in the value of the relevant interest which is attributable to the possibility of demolishing, reconstructing or carrying out substantial works of construction on, the whole or a substantial part of the property.

Annotations

Textual amendments

F1: Sch. 6 para. 13 substituted (1.10.1996) by 1996 c. 52, s. 107, Sch. 10 para. 18(9); S.I. 1996/2212, art. 2(2) (with savings in Sch.)

Notes on Schedule 6

Commencement

I1: Sch. 6 wholly in force at 1.11.1993 see s. 188(2) and S.I. 1993/2134, art. 5