Owners
Question
7: The headroom of my property is large and a cockloft is
added to increase the area. How does the Housing Society
calculate the compensation for cocklofts? Will there be any
compensation for the cockloft if it is not included in the
building plan?
Answer:
No value. Compensation or ex-gratia allowances will be paid
in respect of structures, which are not erected in compliance
with the Buildings Ordinance and the terms of the Government
lease under which the property is held. However, the headroom of
a property may affect the market value of the property. The
consultant firms appointed by the Housing Society will take this
factor into consideration when assessing the market value of the
property.
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