Residual Land Value definition

Residual Land Value. A sum of money for the relevant Viability Review Phase equivalent to: the Total Gross Development Value less the sum of the Developer Costs and the Total Developer Profit and the Infrastructure Costs the Section 106 Costs and the Construction Finance Costs.
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Residual Land Value means the value attributed to the Phase as calculated in accordance with paragraph 0 of Schedule 8 "RICS Code" means the RICS Code of Measuring Practice 6th edition as the same may be updated or amended from time to time
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Residual Land Value means the best price at which the sale of the freehold interest in the Property (together with any rights easements provisions covenants and other matters benefiting it but subject to any incumbrances restrictions stipulations or covenants which may affect it and which still subsist and are capable of taking effect) would have been completed unconditionally for cash consideration by private treaty at the date of the sale and purchase agreement with vacant possession on completion of the sale assuming:
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Examples of Residual Land Value in a sentence

  • If the Residual Land Value is greater than the Initial Purchase Price, the Final Purchase Price shall be the Residual Land Value.

  • If the Residual Land Value is determined to be less than $000,000 by the Reuse Appraisal, the Parties shall negotiate the Final Purchase Price for the Site based on the difference between the Initial Purchase Price and the Residual Land Value.

  • If the Residual Land Value is equal to the Initial Purchase Price, then the Initial Purchase Price shall be the Final Purchase Price.

  • The Residual Land Value is equal to the Initial Purchase Price, then the Initial Purchase Price shall be the Final Purchase Price.

  • The Residual Land Value analysis will provide new estimates of the expected residual land value of the O’Hara Block and hence its ability to cross-subsidize the development of the Community Center as part of the public-private concept.

  • If the Residual Land Value is determined to be less than by the Reuse Appraisal, the Parties shall negotiate the Final Purchase Price for the Site based on the difference between the Initial Purchase Price and the Residual Land Value.

  • The Residual Land Value approach is a common and accepted method of determining land value when few sales comparables exist.

  • Our client appreciates that a Residual Land Value will take account of the likely costs associated with the scheme taking into account development funding, CIL /S106 obligations where applicable, and a reasonable return for risk and profit that a developer would require, in order to arrive at a Residual Land Value.


More Definitions of Residual Land Value

Residual Land Value. With respect to any Mortgage Asset, the value of the land (exclusive of all improvements, appurtenances and off site improvements and other rights) encumbered by the Mortgage Asset, as of the Mortgage Asset's stated maturity date as set forth in the related FIRREA Standard Appraisal commissioned by Seller and approved by Buyer.
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Residual Land Value means the reasonable investment in the land area by the user according to its intended purposes which is not fully recovered when the land area is repossessed by the State.
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