000			01823cam a2200265 4500
001			ABS65351
008			020423n2002 000 0 eng u
035			_a(Sirsi) u117648
100			_aHutchinson, N
245			_aUtility wayleaves: a compensation lottery?
260			_c2002
490			_aJournal of Property Investment and Finance _v20(2) 2002, 159-180(20)
520			_aIn the UK over the last 20 years there has been a proliferation in the statutory provisions for wayleaves. The utilities requiring wayleaves such as the water, gas and electricity companies have now been joined by cable TV and a host of telecommunications providers. All have access to compulsory powers. However, there are variations between these powers and between the compensation arrangements. The main objective of this article is to examine whether the compensation arrangements are now appropriate, following the privatisation of the gas, electricity, water and telecommunication companies. The article considers the results of a six-month study of wayleaves funded by RICS, which was completed in 2000, and recommends that, in order to strike a fair balance between the interests of the utilities and the landowners, legislative change is required. Claimants should not be merely entitled to the financial equivalent of their loss, but instead a consideration should be paid reflecting, in effect, a rental for the wayleave. References [TAKEN FROM JOURNAL HEADNOTE]
590			_aABS
650			_aCOMPENSATION
650			_aUtilities _96272
650			_aWAYLEAVES
650			_aELECTRICITY
650			_aGAS
650			_aLANDOWNERS
650			_aTELECOMMUNICATIONS
650			_aWATER
690			_aENVIRONMENTAL AND LAND CONSULTANCY-PLANNING AND DEVELOPMENT-COMPULSORY PURCHASE AND COMPENSATION
942			_n0
999			_c70051 _d70051