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Compulsory purchase is the power to purchase or take rights over an estate in English land law, or to buy that estate outright, without the current owner's consent, in exchange for payment of compensation. In England and Wales, Parliament has granted several different kinds of compulsory purchase power, which are exercisable by various bodies ...
Similarly, if town councils wish to develop a town centre, they may issue compulsory purchase orders. CPOs can also be used to acquire historic buildings in order to preserve them from neglect. Compensation rights usually include the value of the property, costs of acquiring and moving to a new property, and sometimes additional payments.
The other important kinds of charge that had to be registered are restrictive covenants and equitable easements, [70] a right from the Family Law Act 1996 Part IV, [71] and an "estate contract" (i.e. either a future right to buy a property, or an option to buy). [72] Without registration, those charges would be void, but once registered those ...
Text of the Compulsory Purchase Act 1965 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. The Compulsory Purchase Act 1965 (c. 56) is an Act of Parliament of the United Kingdom, which concerns English land law and compulsory purchase .
The Planning and Compulsory Purchase Act 2004 (c. 5) is an Act of the Parliament of the United Kingdom. It was promoted by the Office of the Deputy Prime Minister . It substantially reforms the town planning and compulsory purchase framework in the United Kingdom .
Following expiration of the notice period specified in the GVD, ownership and possession of the property is able to be acquired by the acquiring authority. [87] However, the acquiring authority must register the GVD in the land's Title Sheet in the Land Register of Scotland in order to validly transfer ownership .
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Land law, or the law of "real" property, is the most significant area of property law that is typically compulsory on university courses. Although capital, often held in corporations and trusts, has displaced land as the dominant repository of social wealth, land law still determines the quality and cost of people's home life, where businesses and industry can be run, and where agriculture ...