Depreciation. (i) depreciation rate is to reflect a life of between 40-75 years of the capital improvements on the land; (ii) the value of capital improvement will be based on the estimated current capital improved value; (iii) the minimum annual depreciation rate will be not less than the rate resulting from a term of 75 years.
Appears in 5 contracts
Samples: Housing Agreement, Housing Agreement, Housing Agreement
Depreciation. (i) depreciation rate is to reflect a life of between 40-75 40β75 years of the capital improvements on the land;
(ii) the value of capital improvement will be based on the estimated current capital improved value;
(iii) the minimum annual depreciation rate will be not less than the rate resulting from a term of 75 years.
Appears in 5 contracts
Samples: Housing Agreement, Housing Agreement (Commonwealth and State) Act 1984, Housing Agreement
