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Vendor Appraisal Form

Vendor Appraisal Form Template for Ireland

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Key Requirements PROMPT example:

Vendor Appraisal Form

"I need a Vendor Appraisal Form for a Grade II listed Georgian townhouse in Dublin city center, which includes detailed assessment of historical features and renovation potential, as we're planning to list the property for sale in March 2025."

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Document background
The Vendor Appraisal Form is a standardized document used in the Irish property market to provide professional property valuations. It is designed to comply with Irish property legislation, particularly the Property Services (Regulation) Act 2011, and follows RICS valuation standards. The form is utilized when a formal assessment of property value is required, whether for sale, purchase, mortgage applications, insurance purposes, or other financial decisions. It includes comprehensive information about property characteristics, market analysis, and valuation methodology, serving as a legally compliant record of professional opinion on property value. The document is particularly important in Ireland's property market where formal valuations are required for various transactions and regulatory compliance.
Suggested Sections

1. Property Identification: Basic details of the property including address, property type, and reference number

2. Client Information: Details of the person/entity requesting the appraisal including contact information and purpose of valuation

3. Property Characteristics: Physical description including size, number of rooms, construction type, and condition

4. Location Analysis: Assessment of the property's location, neighborhood characteristics, and proximity to amenities

5. Market Analysis: Current market conditions, recent comparable sales, and market trends in the area

6. Valuation Methodology: Approach used for valuation (comparative, income, or cost approach) and justification

7. Value Assessment: Detailed breakdown of the estimated market value and factors affecting the valuation

8. Property Condition: Assessment of structural condition, maintenance status, and any visible defects

9. Declarations: Professional declarations, compliance statements, and independence confirmation

10. Terms and Conditions: Standard terms governing the appraisal service and limitations of liability

Optional Sections

1. Environmental Considerations: Assessment of environmental factors, BER rating, and sustainability features - used for properties where environmental factors significantly impact value

2. Planning and Zoning: Analysis of current zoning, planning permissions, and potential development opportunities - relevant for development properties or properties with planning issues

3. Rental Assessment: Analysis of rental potential and current rental market - included for investment properties or when requested by client

4. Agricultural Assessment: Specific evaluation of agricultural land, soil quality, and farming potential - used for rural properties and farmland

5. Historical Significance: Assessment of historical value and protected status - included for period properties or protected structures

6. Commercial Analysis: Business potential and commercial viability assessment - used for commercial properties

Suggested Schedules

1. Photograph Schedule: Dated photographs of the property's exterior, interior, and significant features

2. Floor Plans: Detailed measurements and layout drawings of the property

3. Comparable Properties: Detailed analysis of recent sales of similar properties used in the valuation

4. Title Documents: Copies of relevant title documents or planning permissions reviewed

5. Maps and Location Plans: Area maps showing property location and relevant local features

6. Condition Report: Detailed assessment of property condition including any defects identified

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































Clauses


























Relevant Industries

Real Estate

Financial Services

Banking

Insurance

Property Development

Asset Management

Legal Services

Construction

Agriculture

Commercial Property

Residential Property

Relevant Teams

Real Estate

Valuations

Risk Assessment

Legal

Property Management

Asset Management

Mortgage Services

Insurance

Facilities Management

Property Development

Relevant Roles

Property Valuer

Real Estate Agent

Mortgage Advisor

Property Manager

Asset Manager

Risk Assessment Officer

Insurance Underwriter

Property Development Manager

Real Estate Lawyer

Banking Relationship Manager

Property Portfolio Manager

Facilities 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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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