Easement

JPV has experience in this specialised area of valuation which often takes into account the various forms of compensation.

The Valuer General defines an easement as the following:

An easement is an acquired legal right enjoyed by the owner of land over the land of another. Land valuations do not take easements into account, as the valuations are required to be made on the hypothetical basis that the land is free of impediments to the title. However, the physical effects of an easement, for example, transmission lines, access roads and pipes laid for drainage, will be reflected in the land value.