ABSTRACT
Value is defined in the Shorter Oxford English Dictionary as: “The material or monetary worth of a thing: the amount of money, goods etc. for which a thing can be exchanged or traded”. It is important to be clear about what is being valued and this chapter focuses on the ownership of rights in landed property, or real estate, as these define the thing to be valued. This chapter explores what is meant by real property and examines the different legal interests in property that can exist.
