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Simple Appraisal Form for Canada

Simple Appraisal Form Template for Canada

A standardized Canadian property appraisal document designed to provide a professional opinion of value for real estate assets. This form adheres to the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) and relevant provincial regulations. It includes comprehensive property analysis, market evaluation, and value determination while maintaining compliance with federal and provincial privacy laws. The document serves as a legal record of property valuation for various purposes including financing, insurance, taxation, and transaction support.

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Simple Appraisal Form

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What is a Simple Appraisal Form?

The Simple Appraisal Form is a fundamental document in Canadian real estate transactions and property valuations. This standardized form is designed to meet the requirements of the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) while providing a clear, concise assessment of property value. It is commonly used for residential and simple commercial property valuations, mortgage lending, insurance purposes, and property tax assessments. The form includes essential elements such as property identification, market analysis, and value conclusion, supported by relevant documentation and professional certification. This document type is recognized across Canadian provinces and territories, though specific requirements may vary by jurisdiction. The Simple Appraisal Form serves as a critical tool for property transactions, financial planning, and legal proceedings, providing a reliable basis for decision-making by various stakeholders in the real estate sector.

What sections should be included in a Simple Appraisal Form?

1. Property Identification: Detailed description of the subject property including address, legal description, and property type

2. Client Information: Identity of the client requesting the appraisal and intended users of the report

3. Purpose and Scope: Statement of the appraisal's purpose, intended use, and scope of work performed

4. Effective Date: Date of the appraisal and date of inspection

5. Property Characteristics: Physical characteristics, improvements, and current use of the property

6. Market Analysis: Brief overview of relevant market conditions affecting the property value

7. Valuation Approach: Methodology used to determine the property value

8. Value Conclusion: Final opinion of value with supporting rationale

9. Certification: Appraiser's professional certification and compliance statement

10. Assumptions and Limiting Conditions: Standard and specific assumptions and limitations of the appraisal

What sections are optional to include in a Simple Appraisal Form?

1. Environmental Conditions: Assessment of environmental factors when relevant to property value or when specifically requested

2. Highest and Best Use Analysis: Analysis of the property's optimal use when relevant for complex properties

3. Development Potential: Analysis of development opportunities when appraising vacant land or properties with redevelopment potential

4. Rental Analysis: Analysis of rental income and market rates for income-producing properties

5. Zoning Analysis: Detailed analysis of zoning regulations when relevant to value or future use

What schedules should be included in a Simple Appraisal Form?

1. Photographs: Interior and exterior photographs of the subject property

2. Location Maps: Maps showing property location and relevant geographical context

3. Comparable Sales Data: Detailed information about comparable properties used in the analysis

4. Title Documents: Relevant property title information and documentation

5. Floor Plans: Property layout and measurements when available

6. Professional Qualifications: Appraiser's credentials and professional certifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Canada

Document Type

Evaluation Form

Cost

Free to use
Relevant legal definitions



































Clauses

























Relevant Industries

Real Estate

Banking & Finance

Insurance

Property Development

Construction

Government & Public Sector

Property Management

Legal Services

Mortgage Lending

Asset Management

Relevant Teams

Real Estate

Valuation

Risk Assessment

Legal

Property Management

Mortgage Lending

Investment

Asset Management

Insurance

Compliance

Relevant Roles

Real Estate Appraiser

Property Assessor

Mortgage Broker

Real Estate Agent

Property Manager

Insurance Underwriter

Loan Officer

Asset Manager

Real Estate Lawyer

Property Developer

Investment Analyst

Risk Manager

Bank Manager

Real Estate Portfolio Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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