The present Ordinance lays down provisions relating to official real estate valuation. The Ordinance shall apply to official estimate of land, in particular to: a) establishment of liens, b) monitoring of adequate insurance coverage of buildings against fire and natural hazards. The text consists of 49 articles divided into 6 Parts as follows: General provisions (I); Estimation rules and estimate values (II); Organization and competence (III); Procedure (IV); Legal remedies (V); Compensation and costs (VI).
Authors and Publishers
The Principality of Liechtenstein was established within the Holy Roman Empire in 1719. Occupied by both French and Russian troops during the Napoleonic Wars, it became a sovereign state in 1806 and joined the Germanic Confederation in 1815. Liechtenstein became fully independent in 1866 when the Confederation dissolved. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland.