Explain the principles upon Which the land control board apply in granting or refuring Convent to controlled transaction

The Land Court Board applies several principles when granting or refusing consent to controlled transactions. These principles ensure that the transactions are conducted in a fair and transparent manner, and that the interests of all parties involved are protected. Here are some of the key principles:1. Public Interest: The Land Court Board considers the impact of the proposed controlled transaction on the public interest. This includes factors such as the potential impact on the community, the environment, and the economy. The board aims to ensure that the transaction is in the best interests of the public.2. Fairness and Equity: The Land Court Board assesses whether the proposed transaction is fair and equitable for all parties involved. This includes evaluating whether the terms of the transaction are reasonable and whether there is any potential for unfair advantage or discrimination.3. Legal Compliance: The Land Court Board ensures that the proposed controlled transaction complies with all relevant laws and regulations. This includes zoning laws, land use regulations, and any other applicable statutes or regulations.4. Due Process: The Land Court Board follows a fair and transparent process when considering applications for consent to controlled transactions. This includes providing opportunities for public input and consultation, and ensuring that all relevant information is considered before making a decision.5. Expertise and Specialized Knowledge: The Land Court Board may seek advice from experts and specialists in relevant fields, such as land use planning, environmental science, and real estate law. This helps ensure that the board has access to the necessary expertise and specialized knowledge to make informed decisions.Overall, the Land Court Board applies a comprehensive and balanced approach when granting or refusing consent to controlled transactions, taking into account the public interest, fairness, legal compliance, due process, and expertise to ensure that the transactions are conducted in a responsible and transparent manner.