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The solid as well as the liquid waste were disposed off in the land through which the soil was being damaged. Even though the waste are well regulated in order to prevent such contamination but still there are certain unintentional spills and leaks which might damage the land at the sites. Contaminants may range from oil, petrol, heavy metals and solvents to radioactive substances. The various sources of contaminant are not just industries, there are certain other sources like agriculture activities, dry cleaning, petrol distribution, deposition from the atmosphere, inadequate waste disposal, etc. These contaminants cause severe harm to human health and adversely affect the normal living condition of a human being. There are various contaminant elements that occur as a range of compounds among which some are highly soluble, accessible for biological uptake and toxic, whereas others are not much hazardous. For instance, arsenic is a common chemical addition to soils for older industrial sites and exists in various inorganic and organic forms. Toxicity depends on actual compound oxidation state, yet chemical analyses of suspect soils seldom reveals any such details and it usually indicates the metal concentration present (SEPA, n.d.).
Interaction takes place between the various contaminants in the soil environment. These increases the potential toxicities of different contaminants involved where as in many cases competition between individual contaminant reduces the overall toxic potentials (SEPA, n.d.).
The effects of contamination don’t last long once the contaminant reaches the soil. It breaks down or becomes neutralized, might be washed away by the rain, or remain in the soil building up to a high concentrations. When contaminants are made up, they may not be enduring. However soil can sometimes remain polluted for an indefinite period (SEPA, n.d.).
It doesn’t mean that there is a problem if the ground is contaminated. It
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529 billion, in comparison to the residential property market which is about ? 3,805 billion. If we look back to scale the performance of the commercial property market, we will see it has generated considerable revenue in and before 2007. Most of the pension providers in UK invested at least 5-10 percent of their money in commercial properties.
These are the contaminated land regime; generally referred to as part 2A, and the Planning Regime (development control). Section 78A (2) of the 1990 environmental protection act defines contaminated land as “any land appearing in the local authority location where noteworthy damage is occurring or is likely to occur in, on or under the ground”.
Then there is valuation based on the type of property: whether commercial or residential. Generally, for a given location, the valuation of commercial property is much higher than residential property. The profession and income levels of the residents also influence the value of a property to a certain extent.
This method is also in use in UK as an informative source. It is used as standalone valuation method in UK.
The Investment Method: This method is generally used to value an income producing property. This method is used to value a commercial property that has a capability to produce rental income.
Proprietary interests can be fragmented among a number of individuals or groups over different levels, making the ability to exclude others more difficult and confusing, oftentimes leading to property disputes.
It is important to note that when dealing with the burden of a covenant such a burden is never assignable and generally does not run with the land2. Where the property is a leasehold property the burden can run with the land3. If the covenant
This paper will explain some important factors associated with property transactions. The paper will focus on the importance of covenant strength using Fisher model of yield construction.
The covenant strength refers to the financial ability or worth of a potential
Further, under the provision of license agreement, a landlord has a right to enter into the licensed premise for carrying out any repairs or cleaning provided some reasonable notice is given to the tenant. Further, license agreement is applicable only to those
The house in question was located on 39 Badger Hall. The cost of the new house was £30000. Ms. Jones raised £6000 towards the purchase of the house. A mortgage plan based on interest only raised the remaining amount. Both parties shared the cost of paying back the
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