LAND ADMINISTRATION ACT 1997 - SECT 169
LAND ADMINISTRATION ACT 1997 - SECT 169
169 . Purchase price in agreement to purchase
(1) An agreement under
section 168(1)(a) may specify a purchase price or other consideration for the
interest in the land, or may provide for it to be assessed as if for
compensation under Part 10.
(2) Consideration for
the interest may include a grant of an interest in any Crown land available
for the purpose.
(3) An agreement may
provide for the reimbursement of property valuation costs incurred by the
holder of the interest.