Market related value definition
Market related value means the estimated amount for which a property should exchange (lease / sale / purchase) on the date of valuation as determined by the Council’s Valuer (a Valuer must be registered in terms of the relevant legislation) between a willing buyer and willing seller in an arm’s length transaction after proper marketing wherein the parties had acted knowledgeably, prudently and without compulsion.
Market related value means the estimated amount for which a property would exchange (lease