Derelict Sites Act, 1961

Compensation.

11.—(1) Where, immediately before a vesting order is made by a local authority, any person has any estate or interest in or right in respect of the land acquired by the order, the person may apply to the local authority not later than twelve months after the making of the order for compensation in respect of the estate, interest, or right, and the local authority shall, subject to subsection (3) of this section, thereupon pay to the person by way of compensation an amount equal to the value (if any) of the estate, interest or right.

(2) The compensation to be paid by a local authority under this section in respect of any estate or interest in or right in respect of land shall, in default of agreement, be determined by arbitration under and in accordance with the Acquisition of Land (Assessment of Compensation) Act, 1919 , as amended, but the amount of the compensation shall, subject to subsection (3) of this section, on such arbitration, be determined in accordance with the Rules contained in Part I of the Third Schedule to the Housing (Miscellaneous Provisions) Act, 1931.

(3) Where, after the making of a vesting order by a local authority under this Act in relation to any land, any sum (including any sum for costs) remains due to the local authority by any person on foot of an order of any court for payment of an amount due to the local authority under section 2 or section 4 of this Act—

(a) if the sum aforesaid is less than the amount of the compensation payable to the person under this section the amount of the compensation shall be reduced by the amount of the sum, and

(b) if the sum aforesaid is not less than the amount of the compensation aforesaid, the compensation shall not be payable.