Description

This guide looks into the identification and valuation of tenure rights for different purposes, and provides guidance on how to ensure that valuations are undertaken in a fair, reliable and transparent manner that comply with international norms. It explains why valuations are important, where and when they should be used, and by whom. It is not intended to be a valuation textbook; instead it seeks to raise awareness of valuation issues and procedures among those involved in land policy and administration and those affected by land tenure decisions. Although this guide focuses on land, it is also relevant to the areas of fisheries, forests and other natural resources. It is directed primarily towards developing countries and countries in transition where there is less awareness of the valuation profession and institutions, and where tenure rights involving customary or informal systems may be less clear and not formalized by law or regulations.