VALUATION OF LAND ACT 1916 - SECT 21
Total value of interests in land
VALUATION OF LAND ACT 1916 - SECT 21
Total value of interests in land
21 Total value of interests in land
(1) Where there are more owners than one of the freehold of any land the sum
of the values of the interests of all the said owners in the land shall be not
less than the amount at which the improved value of the land would be
estimated if held by one owner in fee simple.
(2) Where there are more owners
than one of a leasehold interest in any land the sum of the values of the
interests of all the said owners shall be not less than the amount at which
the value of the said leasehold interest would be estimated if held by one
lessee.
