sch.1-sec.3Disclosure of interest in land

sch.1-sec.3 Disclosure of interest in land

If a registered valuer has a direct or indirect interest in land, the valuer must not make a valuation of the land, or of improvements to the land, for a client unless— the valuer discloses the nature of the valuer’s interest to the client; and after the disclosure is made, the client gives the valuer written approval to make the valuation. In this section— direct or indirect interest , in land, includes an interest in improvements to the land. improvements means— site improvements under the Land Valuation Act 2010 , section 23 ; or non-site improvements under the Land Valuation Act 2010 , section 24 . (sch.1-sec.3-ssec.1) If a registered valuer has a direct or indirect interest in land, the valuer must not make a valuation of the land, or of improvements to the land, for a client unless— the valuer discloses the nature of the valuer’s interest to the client; and after the disclosure is made, the client gives the valuer written approval to make the valuation. (sch.1-sec.3-ssec.2) In this section— direct or indirect interest , in land, includes an interest in improvements to the land. improvements means— site improvements under the Land Valuation Act 2010 , section 23 ; or non-site improvements under the Land Valuation Act 2010 , section 24 .

• (a) the valuer discloses the nature of the valuer’s interest to the client; and
• (b) after the disclosure is made, the client gives the valuer written approval to make the valuation.
• (a) site improvements under the Land Valuation Act 2010 , section 23 ; or
• (b) non-site improvements under the Land Valuation Act 2010 , section 24 .