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Instruction No. 1102-r of the Ministry of Property Relations validating Methodical Recommendations on determination of market price of the right of lease of plots of land.

Country/Territory
Russian Federation
Document type
Regulation
Date
2003
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Lease Land valuation
Geographical area
Arctic, Asia and the Pacific, Black Sea, Caspian Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia, North Pacific, North-West Pacific
Abstract

This Instruction establishes that market price of the right of lease of a plot of land depends on legal power of the land tenant, the period of land tenure, encumbrance of the tenancy right, the rights of other persons to the plot of land, purposeful use and authorized use of the plot of land. Market price of the right of lease of a plot of land depends on the expected amount of income, duration and probability of acquisition of income from lease of land on condition of the most efficient management of the plot of land by land tenant. Land evaluator in the process of land valuation shall use cost-plus, relative and income generating approach based on availability and reliability of information.

Full text
Russian
Website
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