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Non Commercial Specialised Property

signpost Certain organisations occupy often quite elaborate and bespoke buildings but their patronage and financial turnovers are modest and there is no demand for their premises in the market generally. This results in a very low valuation for the building and the resultant compensation would be so low as to not enable them to procure a replacement. In these circumstances and subject to certain criteria, the claimant may be entitled to an outright replacement of their property which often means a complete new build or heavy adaptation and modification of another building for them. This is called “Rule 5” equivalent reinstatement and Whitecroft can arrange this basis of settlement as well. Examples of qualifying properties here would be churches, charitable uses and certain theatres and social clubs.