08 Mar Helpful Checklist For Lawyers
At a recent Barristers and Lawyers conference held in Brisbane I was invited as a speaker to advise on how to instruct Valuers on property matters.
Below is a Check List put together and provided to them.
Written instructions to the Valuer: |
|
Item |
Action |
| 1. State the purpose/requirement of the valuation. | |
| 2. Titling and Registered Plans should be provided, so as estimations or Google or Internet Plan readings are limited. | |
| 3. Good and detailed information up front, results in shorter timeframes and better prepared reports. | |
| 4. Provide details of the instructing Party or Parties. | |
| 5. If the report is to be addressed to a third party, that party needs to be stated. | |
| 6. The basis of valuation ie Current or Retrospective Market Value. | |
| 7. The interest to be valued i.e. the freehold/leasehold; the Lessee’s or Lessor’s interest; fractional freehold or a partial interest. | |
| 8. The nature of the property, Owner Occupied or subject to tenancy. A copy of the Lease Agreement(s), if commercial, should be supplied. | |
| 9. The date of valuation will be the date of inspection unless otherwise requested. | |
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