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70(1)The seller or the small landholder to whom a valuation carried out under paragraph 68 relates may appeal to the Lands Tribunal against the valuation.
(2)An appeal under this paragraph must—
(a)state the grounds on which it is being made, and
(b)be lodged within the period of 21 days beginning with the date of the notice under paragraph 69(5).
(3)In an appeal under this paragraph, the Lands Tribunal may—
(a)reassess any value of the land (and any factor affecting the value) or of an estate (and how any reduction in the value of an estate is to be apportioned), and
(b)for the purposes of paragraph 66(2)(b)(ii), determine the price.
(4)The valuer whose valuation is appealed against may be a witness in the appeal proceedings.
(5)In the appeal proceedings, in addition to the seller and the landholder, the following persons are entitled to be heard—
(a)where the seller is—
(i)a creditor in a standard security, the owner of the land,
(ii)the owner of the land, any creditor in a standard security over the land or any part of it,
(b)where the land forms part of an estate—
(i)any creditor in a standard security over any other land forming part of the estate,
(ii)any landholder, or other tenant, of any such land.
(6)The Lands Tribunal is to give reasons for its decision on an appeal under this paragraph and is to issue a written statement of these reasons.
(7)The decision of the Lands Tribunal in an appeal under this paragraph is final.
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