Calculation of compensation for abolition of rights in land

Calculation of compensation for abolition of rights in land.

1. (1) For the purpose of calculating the amount of compensation payable to any person for the abolition of his rights in an alienated land, the following provisions shall apply, that is to say:--
   • (a) in the case of a permanent tenant, the compensation shall be an amount equal to three times the assessment of the land;
   • (b) in the case of a superior holder, the compensation shall be an amount equal to ten times the assessment of the land but where such superior holder is entitled to receive from an inferior holder an amount as rent for the land, the compensation shall be an amount equal to ten times the amount by which the total rent payable to the superior holder exceeds the assessment of the land;
   • (c) in any other case, the compensation shall be an amount equal to three times the assessment of the land.
2. (2) For the purposes of sub-section (1), "assessment" shall mean the assessment as fixed under the relevant Land Revenue Code or the Act applicable to the alienation in force immediately before the appointed day.