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Appraisal
I need an Appraisal contract for a single commercial property valuation in Amsterdam, to be completed by March 2025, where the valuation is required for mortgage lending purposes with ABN AMRO Bank.
1. Parties: Identification of the client commissioning the appraisal and the certified appraiser/appraisal firm
2. Background: Context of the appraisal request and relevant circumstances leading to the engagement
3. Definitions: Key terms used throughout the agreement including technical valuation terms
4. Scope of Services: Detailed description of the appraisal services to be provided, including the specific property/assets to be valued
5. Purpose of Valuation: Specified intended use of the appraisal report and intended users
6. Valuation Methodology: Agreed approach and methods to be used in the valuation process
7. Timeline and Deliverables: Specific deadlines for the appraisal process and format of deliverables
8. Fees and Payment Terms: Compensation structure, payment schedule, and related expenses
9. Professional Standards: Reference to applicable professional standards (NRVT, EVS) and compliance requirements
10. Confidentiality: Provisions regarding the handling of confidential information and data protection
11. Liability and Insurance: Limitations of liability and professional insurance coverage
12. Termination: Conditions and process for early termination of the agreement
13. Governing Law: Specification of Dutch law as governing law and jurisdiction
1. Multiple Property Provisions: Additional terms for assignments involving multiple properties - include when valuing property portfolios
2. Specific Regulatory Compliance: Additional provisions for regulated purposes (e.g., mortgage lending) - include when valuation is for regulated purposes
3. Third Party Rights: Provisions regarding the use of the valuation by third parties - include when third-party reliance is permitted
4. Sub-contractor Terms: Terms governing the use of sub-contractors or specialists - include when external expertise is required
5. Conflict Resolution: Detailed dispute resolution procedures - include for high-value or complex assignments
6. Client Obligations: Specific client responsibilities for providing information/access - include for complex properties or when extensive client cooperation is needed
7. Force Majeure: Provisions for unforeseen circumstances - include for longer-term assignments
1. Property Details Schedule: Detailed description of the property/assets to be valued, including address, registration details, and physical characteristics
2. Fee Schedule: Detailed breakdown of fees, expenses, and payment terms
3. Required Documentation: List of documents and information to be provided by the client
4. Timeline Schedule: Detailed project timeline including key milestones and deliverable dates
5. Professional Qualifications: Details of the appraiser's qualifications, certifications, and professional memberships
6. Methodology Appendix: Detailed description of valuation methods and approaches to be used
7. Terms and Conditions: Standard terms and conditions of the appraisal firm
Authors
Real Estate
Financial Services
Banking
Insurance
Public Sector
Construction
Property Development
Asset Management
Retail
Industrial
Hospitality
Healthcare
Education
Legal
Real Estate
Facilities
Finance
Risk Management
Compliance
Operations
Investment
Asset Management
Property Management
Valuations
Development
Transaction Advisory
Real Estate Appraiser
Valuation Manager
Property Manager
Real Estate Director
Asset Manager
Financial Controller
Risk Manager
Investment Manager
Facilities Manager
Legal Counsel
Compliance Officer
Portfolio Manager
Transaction Manager
Development Manager
Operations Director
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