Surveyors advising in respect of compulsory purchase and statutory compensation [electronic resource]
Surveyors advising in respect of compulsory purchase and statutory compensation [electronic resource]
- 2nd
- London, RICS, September 2024
- 29p.
- RICS Professional Standard .
The development of large infrastructure projects, such as the HS2 rail line, has placed compulsory purchase orders (CPOs) at the forefront of national discussions. The exercise of CPO powers can significantly impact the homes, livelihoods, and businesses of those affected, making it essential for surveyors to adhere to strict professional standards.
RICS has updated its professional standard, Surveyors advising in respect of compulsory purchase and statutory compensation to ensure it remains relevant and fit for purpose in this complex and evolving sector.
The standard sets out 21 mandatory professional behaviour and competence expectations of RICS members working in this field, ensuring best practices are upheld consistently by RICS professionals across the UK, with principles that resonate globally.
This professional standard applies:
when you provide advice regarding property interests and rights in the UK that relates to the seeking or use of compulsory purchase for the acquisition or use of land or rights by or against your client, or where the seeking or use of such powers is contemplated when you are advising a body that is relying on or seeking to rely on another body to seek or use compulsory purchase powers to acquire or use land or rights to assist with a project, and where compensation for injurious affection arises where no land is taken. Effective from 23 December 2024 From 23 December 2024 supersedes 1st edition ISBN 9781783211845
9781783215355
STATUTORY COMPENSATION
United Kingdom
711.14
The development of large infrastructure projects, such as the HS2 rail line, has placed compulsory purchase orders (CPOs) at the forefront of national discussions. The exercise of CPO powers can significantly impact the homes, livelihoods, and businesses of those affected, making it essential for surveyors to adhere to strict professional standards.
RICS has updated its professional standard, Surveyors advising in respect of compulsory purchase and statutory compensation to ensure it remains relevant and fit for purpose in this complex and evolving sector.
The standard sets out 21 mandatory professional behaviour and competence expectations of RICS members working in this field, ensuring best practices are upheld consistently by RICS professionals across the UK, with principles that resonate globally.
This professional standard applies:
when you provide advice regarding property interests and rights in the UK that relates to the seeking or use of compulsory purchase for the acquisition or use of land or rights by or against your client, or where the seeking or use of such powers is contemplated when you are advising a body that is relying on or seeking to rely on another body to seek or use compulsory purchase powers to acquire or use land or rights to assist with a project, and where compensation for injurious affection arises where no land is taken. Effective from 23 December 2024 From 23 December 2024 supersedes 1st edition ISBN 9781783211845
9781783215355
STATUTORY COMPENSATION
United Kingdom
711.14