Buying a Tourism Business in Gambia: Bars, Restaurants, Hotels
Compulsory Purchase
This is an acquisition in accordance with statutory procedures
and practice, of interests in land or rights, by a public
or private body empowered to do so by an Act of Parliament,
and authorised so to do by an appropriate
Compulsory Purchase Order.Such a process entitles the purchaser
to deprive the, usually unwilling, owner or occupier of their
property, upon payment of compensation, as provided for by
statute.
There are a number of rules and regulations governing the
assessment of compensation, which not only relate to the value
of the land and buildings, but also losses arising from disturbance,
severance and injurious affection and in circumstances where
no land is taken.
A Compulsory Purchase Order is an order made by a private
or public body (usually a local authority or government department),
with the relevant statutory powers, which, after confirmation
by the appropriate minister, gives the right to acquire specified
Land, Buildings or Rights compulsorily.
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