A claimant's compensation entitlement falls under a number of pieces of legislation. There is no one codified statute encompassing all the compensation provisions.
Key acts of Parliament include the Land Compensation Act 1961, Compulsory Purchase Act 1965, Land Compensation Act 1973 and the Planning and Compulsory Purchase Act 2004.
The purpose of compensation is to put the claimant back into the position they found themselves prior to the Compulsory Purchase.
Typical claims often include the following main headings:
- Market Value
- Loss Payments
- Disturbance (business and residential)
- Costs of reinvestment
- Professional fees
There can be a whole host of other claims, but usually they would fall within the above headings. For example business disturbance can include claims for almost 40 different items from redundancy costs through to loss of profits.
Professional representation is essential in maximising your entitlement. Roger Hannah & Co have vast experience in maximising compensation on behalf of their clients.
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