immovable asset definition

immovable asset means property which can be touched but which cannot be moved, and includes buildings, fixtures or improvements in or over Land and the right of occupation thereof;
immovable asset. ’ means land or an immovable structure on land, or rights in 20 such land or immovable structure;
immovable asset means any permanent structures, Project Facility or On-site Infrastructure that cannot be removed without causing material damage to the Concession Area or permanent structures thereon.

More Definitions of immovable asset

immovable asset. ’ means any immovable asset acquired or owned by govern- ment, excluding any right contemplated in the Mineral and Petroleum Resources 20 Development Act, 2002 (Act No. 28 of 2002);
immovable asset means an immovable asset as defined by the Government-wide Immovable Asset Management Act.
immovable asset means any immovable asset acquired or owned by govern-
immovable asset means any immovable asset acquired or owned by government. Immovable assets are further described as land and any immovable improvement on that land, and which have enduring value and consist of assets of residential, non-residential or infrastructure nature and include machinery and equipment that have been installed and are an integral part of assets and include all assets both state-owned and leased. This excludes any right contemplated in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);
immovable asset means any immovable asset owned or leased by government
immovable asset means immovable property and includes: i.any land (including erven) in the normal sense of the word; ii.any sectional unit under the Sectional Titles Act;
immovable asset means any immovable asset or property, including any interest or right in immovable property, but excluding any right contemplated in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002), and “immovable property” has a corresponding meaning;