Typical claims often include the following main headings:
• Market Value: Disregarding the compulsory purchase, i.e. a no scheme world.
• Loss Payments: Payments in addition to market value, usually calculated as a percentage of market value.
• Disturbance (Business and Residential): Costs incurred as a direct result of the scheme such as removal costs, and loss of profits. ‘Business Disturbance’ can include claims for almost 40 different items from redundancy costs through to loss of profits.
• Costs of reinvestment: Costs associated with acquiring a similar property to cover items such as stamp duty and any legal or other professional fees reasonably incurred.
• Professional fees: Reasonable professional fees including surveyors, lawyers, and accountants, can also be recovered.
There can be many other claims, but these are the most common.