Target Property Form
Last updated
Last updated
The Target Property Form is designed to capture detailed information about the properties you are valuing. This form ensures that all relevant data is collected and organized, facilitating a comprehensive and accurate valuation process. The form is divided into several sections, each focusing on specific aspects of the property and the valuation process.
Target Property ID: Enter a unique identifier for the target property. This helps in tracking and referencing the specific property throughout the valuation process.
Surface Area (Sq.m or Sq.ft): Specify the total surface area of the property in square meters or square feet, depending on the choice of the system of measurement in the General Tab. This is a critical metric for determining the property's value.
Property Type: Select the general category of the property, such as Residential, Commercial, or Industrial. This classification helps in applying the appropriate valuation standards.
Property Sub-Type: Choose the specific sub-type of the property, like Apartment/Flat, Office, or Retail Space, depending on the Property Type you selected. This provides more detailed categorization.
Floor Numbering Scheme: Indicate the floor numbering scheme used, such as North American Scheme or European Scheme. The North American Scheme identifies the ground story as the 1st floor, while the European Scheme identifies it as the ground floor. This ensures clarity in identifying the property's location within a building.
Floor Location: Enter the floor number or range of numbers where the property is located. This detail is crucial for multi-story buildings.
Map: Use the map to pinpoint the exact location of the property. This visual aid helps in understanding the property's geographical context.
Address: Provide the full address of the property. This includes street name, building number, and any other relevant details.
Country: Select the country where the property is located. This is necessary for applying local valuation regulations.
City: Specify the city of the property's location. This detail helps in regional market analysis.
Zipcode/Postal Code: Enter the postal code of the property. This is useful for precise location identification and market comparisons.
Date of Investigation: Enter the date when the property investigation will be conducted. This ensures that the valuation is based on the most recent property condition.
Date of Draft Delivery (Expected): Provide the expected date for delivering the draft valuation report. This helps in managing client expectations and project timelines. This field is not mandatory.
Date of Final Report (Expected): Specify the expected date for delivering the final valuation report. This finalizes the timeline for completing the valuation process.
Fixed Equipment Inclusion: Indicate if the valuation includes fixed equipment, fixtures, and fittings owned by the landlord. Example: The valuation excludes the HVAC system.
Tenant Furnishings Inclusion: Specify if tenant-owned items, furnishings, and equipment are included in the valuation.
Natural Hazards Consideration: Confirm if natural hazards such as ground instability, mining, or radon gas are considered in the valuation. Example: The valuation takes into account potential natural hazards including radon gas and ground instability due to historical mining activities.
Hazardous Materials Consideration: State if hazardous materials like chemicals or asbestos are considered during the valuation. Example: The valuation considers the presence of hazardous materials such as asbestos and lead-based paint within the property.
Due Diligence Checks: Indicate if the valuation includes due diligence checks on the property. Example: Due diligence checks are included to verify property ownership and compliance with local regulations.
Type of Investigation: Select the type of investigation conducted, such as desktop valuation, external inspection, or internal inspection.
Inspection Limitations: Specify any expected limitations or restrictions on the inspection inquiry and analysis. Example: Access to certain areas of the property is restricted due to tenant occupancy, limiting the ability to fully inspect those areas.
Measurement Instruction: Confirm if the valuer has been instructed to measure the property. This ensures accurate size and area calculations.
Measurement Methodology: Choose the methodology used for measuring the property. This standardizes the measurement process.
Purpose of Measurement: Define the purpose for which the property measurement is conducted. This clarifies the context of the measurement data.
Add Valuation: Click to add a new valuation entry. This allows you to document multiple valuations for the property.
Valuation list: Select the basis, premise, method and tenure for the valuation. These criteria guide the valuation process.
Valuation Method and Tenure: Click to delete a valuation
Interest Valued: Specify the interest being valued. This determines the scope of the valuation.
Country Currency: Select the currency used in the country where the property is located. It is the currency your market data rely upon. This ensures accurate financial calculations.
Reporting Currency: Choose the currency in which the valuation report will be prepared. This standardizes the financial reporting.
Basis of Currency Exchange Rate: If the country currency is different from the reporting currency, this field appears. Explain which currency conversion methodology you are going to use. Example: Central Bank exchange rate at the date of the report.
None: Indicate if no assumptions are applied. When checked, it unchecks everything else.
List of Assumptions: Select applicable assumptions such as the property being free of encumbrances or no hazardous materials used. These assumptions simplify the valuation process by providing a baseline.
Add Assumption: Click to add a new assumption. This allows for the inclusion of additional relevant assumptions not available in this list.
None: Indicate if no special assumptions are applied. When checked, it unchecks everything else.
List of Special Assumptions: Select applicable special assumptions, such as planning consent being obtained. These assumptions consider hypothetical scenarios affecting value.
Add Special Assumption: Click to add a new special assumption. This allows for the inclusion of additional relevant assumptions not available in this list.
None: Indicate if no departures are applied. When checked, it unchecks everything else.
List of Departures: Select applicable departures from standard practice, necessary for specific valuations.
Add Departure: Click to add a new departure. This allows for the inclusion of additional relevant departures not available in this list.
VPGA 10 refers to matters that could introduce significant uncertainty into the valuation process. Identifying and documenting these uncertainties is crucial for transparency and accuracy in the valuation report. This section allows you to add, describe, and manage these uncertainties effectively.
Add VPGA Matter: Click to add a new VPGA Matter. You can add as many matters as necessary to comprehensively document potential valuation uncertainties.
Indicate Your VPGA Matter: Provide a description of the VPGA Matter. Example: Economic instability in the region affecting property values.
Delete VPGA Matter: Click to delete a VPGA Matter. This allows you to remove any matters that are no longer relevant or were added in error.
Add Required Information: Click here to add a required information. You can also add a set of required information from a template you previously created.
Table of Information: The table shows different columns, with each row representing a specific piece of information needed for the valuation.
Edit or Delete Information: Click to edit the information or delete it. This ensures that all data can be kept up to date and accurate.
Type of Information: Specify the type of information needed. This could include legal status, property certificates, floor plans, etc.
Availability: Indicate if the information is available. If not, you can add an assumption. Example: No, assumption: The legal status of the landlord is assumed to be clear and free of encumbrances.
Special Assumption: Add a special assumption if necessary. Example: Yes, special assumption: It is assumed that the property will receive planning consent for the intended use by the valuation date.
