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Valuations In Nottingham

Valuation Example

 

Valuation Terms of Engagement:

Client

Miss . The report is also to be used by the First Buy Scheme or a Housing Association

Subject Properties and Use or Classification by the Client

18  NG3

The interest in the property that is to be valued                                                                                                        

Freehold or long leasehold with vacant possession.

Purpose of the Valuation

Disposal of interest

Access and Date of Valuation:

1st September 2015

Fees:

 £250.00 payable before publication of the report.  Payment can be made to (40-19-37) 81721852, cheque to S Butler or cash.

Identity of the valuer and competence

The valuer Steven JM Butler shall have sufficient knowledge of the area and type of property to be able to undertake the valuation competently. The valuer will personally inspect the property to be valued.

Relationship with the client and any previous involvement with the property:

The valuer has no previous relationship with the client and has not had any previous involvement with the property to be valued.

Standards:

The valuation will be prepared in accordance with the 8th Edition of the Valuation and Appraisal Standards published by the Royal Institution of Chartered Surveyors.

Special instructions, assumptions or departures

There are to be no departures from the 8th Edition of the Valuation and Appraisal Standards.

Information relied on by the valuer:

Basis of Value

Market Value which is defined as: the estimated amount for which the property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion.

Investigations and assumptions by the valuer

Fixtures:

Landlords fixtures and plant and machinery normally sold with a property will be included in the valuation. Process plant and machinery will be excluded. Tenants fixtures and fittings will be excluded from the valuation.

Currency:

Values are in Pounds Sterling.

Taxation:

The valuation is exclusive of any Value Added or other form of taxation that may apply to the purchase price of an interest in property.

Confidentially

This report is confidential to the stated Client for the specified purpose to which it refers. It may be disclosed to other professional advisers assisting you in respect of the purpose, but may not be disclosed to any other person without my written consent.

Publication

Neither the whole nor any part of the report may be included in a published document, circular or statement or published in any way without my written approval of the form or context in which it may appear.

Liability

It must be emphasised that no liability or responsibility to third parties can be accepted for the valuation or other comments contained in the report.

Complaints:

Steve Butler Chartered Surveyor operates a complaints handling procedure as required by the Royal Institution of Chartered Surveyors. A printed copy is available on request.

Audit:

The report and information collected for its preparation may be subject to audit by the Royal Institution of Chartered Surveyors as in order to confirm compliance with 8th Edition of the Valuation and Appraisal Standards

Signed………………………                     Dated………………………

 

Miss GNG3

 

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 MRICS HOUSE AND RESIDENTIAL PROPERTY VALUATIONS NOTTINGHAM 

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