OpenLegislation

Regulation 15 ValuationsI1

England and Wales Not yet in force

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

(1)

This regulation applies when a valuation is necessary under these Regulations.

(2)

The President of the Royal Institution of Chartered Surveyors shall appoint a valuer, and both the owner and the Secretary of State must accept the nomination.

(3)

The valuer shall carry out the valuation and submit it and any other relevant information and documentation to the Secretary of State, and a copy to the owner.

(4)

Both the owner and a representative of the Secretary of State have the right to be present at a valuation.

(5)

The valuation is binding on both the owner and the Secretary of State.

Annotations

Commencement

I1

Reg. 15 in force at 1.3.2006, see reg. 1