CEV GROUP’S NEW VIDEO GUIDE FOR IBBI VALUATION CANDIDATES: MASTERING EASEMENTS AND ADVERSE POSSESSION
A COMPREHENSIVE RESOURCE FOR PROPERTY VALUERS PREPARING FOR THE IBBI EXAMINATION
With an increasing number of professionals preparing for the IBBI Valuation Examination, the Council of Engineers and Valuers (CEV Group) has launched a new educational video that offers an in-depth understanding of two key legal concepts—Easements and Adverse Possession. These concepts are critical for anyone involved in property valuation, as they directly impact the legal standing and valuation of real estate.
The video serves as a practical guide for those preparing for the IBBI examination and aims to clarify complex legal issues surrounding property rights and their implications on valuations.
Easement Act, 1882: A Pillar of Property Valuation
The Easement Act, 1882 defines the rights of property owners and non-owners when it comes to the use of property. This act plays a pivotal role in property transactions and can affect the financial worth of a property. Through real-life case studies, the video explains how easement rights—such as rights of way, light, or air—are recognized and enforced, and how they must be considered when valuing a property. Understanding these rights allows property valuers to make more accurate assessments of a property’s value and legal standing.
For example, a property subject to an easement may have restrictions on its use that could affect its marketability or value. A comprehensive understanding of these nuances can make the difference between a correct and incorrect valuation.
Adverse Possession and Its Impact on Property Ownership
The second focus of the video is Adverse Possession, a concept that allows individuals to claim ownership of a property through continuous, uninterrupted possession over a certain period. The Limitation Act, 1963, governs this aspect, and the video walks through various case studies to showcase how adverse possession claims can alter property titles and affect their valuation.
Valuers must be aware of situations where adverse possession may be a factor. For instance, if a property is claimed under adverse possession, it may be legally impossible to sell or transfer the title until the claim is resolved.
This video aims to empower aspiring valuers with the knowledge to navigate these complex legal concepts and excel in the IBBI examination. CEV Group’s dedication to offering accessible, high-quality content is evident in this latest release, which is sure to support future professionals in the field.
