08 Dec 2017
It is your opportunity to comment on the draft International Land Measurement Standard (ILMS) that aims to bring security of tenure to millions.
Are you able to prove that you own your house or piece of land? This important fact is something that many of us may take for granted.
Around the world, levels of security around land tenure vary enormously. Some nations don’t have embedded systems and up to 70% of land in some countries remains unregistered. Land and its effective use is a keystone of economic and infrastructure development.
To help tackle this problem, RICS is launching a consultation on the International Land Measurement Standard and we want to hear from you.
Why is ILMS important?
Where land tenure and value is not formally recorded or known, land and property may be misappropriated; personal economic opportunities are restricted; would be investors face significant financial, legal and reputational risks; and governments cannot raise money through property taxation.
The issue of land governance is now prominent in the UN’s Sustainable Development Goals (SDG), adopted in 2015. The first of these goals includes an ambitious target for all men and women to have equal rights to ownership and control over land and other forms of property by 2030.
What can you do to contribute?
RICS is among more than 30 organisations working on the International Land Measurement Standard, which was launched in mid-2016. ILMS is an international principle based standard for recording and reporting information and material relevant to land and property transfers.
The draft standard for land transfer will focus on removing risk from the process which will help to strengthen tenure security, land rights, investment and governments’ revenue-raising capabilities.
Tell us what you think about the draft standard.
Why is the ILMS standard important?
ILMS supports global consistency by setting a standard for classifying, defining, measuring, analysing, presenting and reporting land information which can be applied at a project, regional, state, national or international level. ILMS is therefore both a standard and a framework for reporting.
ILMS will help reduce risk in the land transfer process by creating consistency of application and facilitating and supporting land governance, robust conveyancing, secure lending and land registration.
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