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.