DEVELOPMENT OF ASSESSMENT OF RENTAL LAND PLOTS IN THE REPUBLIC OF KAZAKHSTAN

Purpose of research – development of the theoretical and methodological foundations of a system for assessing land plots that are leased on terms of short-term and long-term use in the Republic of Kazakhstan.
Methodology – In order to improve methodological approaches to the assessment of leased land in the Republic of Kazakhstan, a detailed analysis of property rights (the right to use, possession and disposal) to land plots that are both in temporary use and in private ownership has been carried out.
Originality / value of the research – The concepts related to the assessment of leased land plots have been differentiated, the land market in the Republic of Kazakhstan, in particular in the Karaganda region, has been analyzed. The concepts of "rent", "market value" have been studied in detail. The international and national valuation standards of Kazakhstan, the Law "On appraisal activities" of July 13, 2018, the Land Code of the Republic of Kazakhstan of June 20, 2003 No. 442-II, as well as the Resolution of the Government of the Republic of Kazakhstan of September 2, 2003 No. 890 have been investigated and studied ... In addition, the assessment methods used were considered and justified in detail, a site in the Karaganda region was selected and the market value was calculated.
Findings. In conclusion, recommendations are given for the assessment of such sites. Before evaluating a plot, establish and delineate the concepts associated with a plot of land and property rights; have a correct understanding of the relevant legal framework that affects the assessed rights; identify any improvements made by tenants and clarify whether they should be taken into account when renewing or renegotiating a lease and deciding whether they could result in a claim for compensation from the tenant when he vacates the property; refer to International Standards, as well as the standard "Valuation of Intellectual Property and Intangible Assets"; apply the option method as part of the income approach.

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