Open market value is redefined
Language: English Series: CS Monthly : Rural Practice ; 1(10) July 1992, 5(1)Publication details: 1992Subject(s): Summary: Discusses the revisions to the RICS Red Book to incorporate the new definition of open market value with effect from 1 June 1992. The principle change in the definition being that the `reasonable period` for marketing the interest is now to be assumed to have taken place before the valuation date which is assumed to coincide with the date of completion of sale.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS46832 (Browse shelf(Opens below)) | 1 | Available | 59628-1001 |
Discusses the revisions to the RICS Red Book to incorporate the new definition of open market value with effect from 1 June 1992. The principle change in the definition being that the `reasonable period` for marketing the interest is now to be assumed to have taken place before the valuation date which is assumed to coincide with the date of completion of sale.