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Appraisal Request Form Template for Saudi Arabia

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Key Requirements PROMPT example:

Appraisal Request Form

"I need an Appraisal Request Form for a portfolio of five commercial properties in Riyadh, to be valued for potential sale to international investors by March 2025; the form must include specific provisions for virtual property inspections and bilingual reporting requirements."

Document background
The Appraisal Request Form is a fundamental document in the Saudi Arabian valuation process, designed to initiate professional valuation services in compliance with local regulations and international standards. This document is typically used when an entity requires a formal valuation of assets, whether for purchase, sale, financing, insurance, or regulatory compliance purposes. The form must align with requirements set by the Saudi Authority for Accredited Valuers (TAQEEM) and incorporate considerations from Islamic Shariah principles and Saudi commercial law. It includes comprehensive information about the requesting party, the subject of valuation, purpose, timeline, and specific requirements, serving as the foundation for the valuation engagement. The Appraisal Request Form is particularly crucial in ensuring clear communication between the client and the valuation professional while maintaining compliance with Saudi Arabian regulatory requirements.
Suggested Sections

1. Client Information: Details of the requesting party including full legal name, contact information, and commercial registration number if applicable

2. Subject of Valuation: Detailed description of the asset(s) to be valued, including location, type, and relevant identifying information

3. Purpose of Valuation: Clear statement of the intended use of the valuation report and its purpose (e.g., sale, purchase, financing, internal purposes)

4. Basis of Value: Specification of the type of value required (e.g., market value, fair value, investment value)

5. Valuation Date: Proposed date as of which the valuation is required

6. Access Details: Information about site access, contact person for inspection, and any special requirements or restrictions

7. Document Checklist: List of required documents to be provided by the client for the valuation

8. Timeline Requirements: Expected delivery date for the valuation report and any interim milestones

9. Declaration: Client's confirmation of information accuracy and agreement to provide necessary documentation

Optional Sections

1. Previous Valuation History: Details of any previous valuations of the same asset, used when the asset has been valued before

2. Special Assumptions: Any special assumptions or limiting conditions to be considered in the valuation, included when there are specific circumstances affecting the valuation

3. Third Party Authorization: Authorization for sharing information with third parties, included when the valuation report needs to be shared with other parties

4. Specific Reporting Requirements: Any special reporting format or content requirements, included when the client needs specific analysis or presentation formats

5. Environmental Concerns: Section for declaring known environmental issues, included for properties with potential environmental impacts

Suggested Schedules

1. Asset Schedule: Detailed listing of all assets to be valued if multiple items are involved

2. Required Documents Checklist: Comprehensive list of documents required for the valuation, with check boxes for tracking

3. Fee Schedule: Breakdown of valuation fees and payment terms

4. Terms and Conditions: Standard terms and conditions for the valuation service

5. TAQEEM Compliance Declaration: Standard form declaring compliance with TAQEEM requirements and professional standards

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

Relevant legal definitions






























Clauses

























Relevant Industries

Real Estate

Banking & Finance

Insurance

Manufacturing

Retail

Hospitality

Healthcare

Education

Industrial

Technology

Mining & Resources

Agriculture

Construction

Infrastructure

Investment & Fund Management

Relevant Teams

Finance

Real Estate

Asset Management

Property Management

Investment

Treasury

Risk Management

Compliance

Legal

Business Development

Portfolio Management

Acquisitions

Facilities Management

Corporate Real Estate

Valuations

Relevant Roles

Chief Financial Officer

Real Estate Manager

Asset Manager

Property Manager

Investment Manager

Facilities Manager

Finance Director

Treasury Manager

Risk Manager

Compliance Officer

Legal Counsel

Business Development Manager

Portfolio Manager

Acquisition Manager

Valuation Professional

Corporate Real Estate Manager

Property Consultant

Financial Analyst

Investment Analyst

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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