Open Market Value means, in relation to a supply of goods or services, or to goods that are imported, the amount (together with the GST chargeable on the supply or the importation) that would be payable for the supply or the goods if the supply or importation were for such a consideration in money as would be payable, for the supply or the importation, by a person standing in no such relationship with any person as would affect that consideration;
Open Market Value means the value which a property might reasonably be expected to realise if sold in the open market by a prudent vendor;
Open Market Value means the price at which the Premises may be assigned at arm's length in the open market disregarding the terms of any proposed sub-letting and assuming: a willing seller and willing buyer; a reasonable period in which to market the Premises; that values remain static throughout this period; that the price does not reflect any value attributable to the Tenant's business carried on at the Premises; that the price does not reflect any value attributable to tenant's or trade fixtures at the Premises that the Tenant is entitled to remove on quitting the Premises; and that the Premises are in their actual state of repair and condition at the date of the Tenant's Notice but subject to the terms of this Lease;] 145
Examples of Open Market Value in a sentence
Additional alternative Open Market Value figures have only been supplied for operational assets scheduled for imminent closure and subsequent disposal.
In respect of non - operational properties, including surplus land, the valuations have been carried out at Open Market Value.
For non-operational properties including surplus land, the valuations are carried out at Open Market Value.
Additional alternative Open Market Value figures have only been supplied for operational assets scheduled for imminent closure.
Additional alternative Open Market Value figures have only been supplied for operational assets scheduled for imminent closure, subsequent disposal and taken out of operational use.
More Definitions of Open Market Value
Open Market Value means the following:
Open Market Value means the price which 100% of the freehold or long leasehold interest (as the case may be) in the relevant Affordable Dwelling would fetch if sold on the open market by a willing vendor and disregarding the obligations and restrictions contained in this Deed [and in accordance with the Shared Ownership Lease] 31[and in the case of Intermediate Homes for Sale approved by the Council]l32;
Open Market Value means the value of each Housing Unit being the estimated amount for which the property should exchange on the date of valuation between a willing buyer and a willing seller in an arms' length transaction after proper marketing wherein the parties had acted knowledgeably, prudently and without compulsion and which will be determined on the assumption, if not a fact, that each Housing Unit is a private house for sale on the open market with vacant possession and not subject to the conditions within this Agreement (and disregarding any improvements made by any Subsequent Owner) and which shall be established by taking the average valuation from valuation reports from two independent chartered surveyors to be procured by either the Proprietor or Subsequent Owner as appropriate or from the provision of a home report in respect of the relevant Housing Unit by an independent chartered surveyor, which independent chartered surveyor shall in either of the aforementioned cases be approved by the Council and whose fees shall be paid for by the Proprietor or Subsequent Owner as appropriate;
Open Market Value means the price which the Dwelling would fetch on the open market by a willing vendor to a willing purchaser unfettered by the terms of this Agreement with that value being the average of no less than two written valuations obtained by the Owner from two Valuers
Open Market Value means the value of the Property as determined on the basis of the most recent Valuation of the market value as that term is defined in the then current Statement of Asset valuation Practice and Guidance Notes issued by the Royal Institution of Chartered Surveyors.
Open Market Value means the value as determined by an Independent Valuer to be the price at which the lease can reasonably be sold on the date of valuation taking into account the Assumptions
Open Market Value means the best price at which the sale of the freehold interest in the Shared Ownership Unit (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 will still subsist and are capable of taking effect) would have been completed unconditionally for cash consideration by private treaty at the date of the Notice with vacant possession on completion of the sale assuming: