Appraisal Request Form Template for New Zealand

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Key Requirements PROMPT example:

Appraisal Request Form

"I need an Appraisal Request Form for a luxury residential property in Auckland that I'm planning to sell in March 2025; the form should include specific provisions for high-value artworks and custom installations that are permanently fixed to the property."

Document background

The Appraisal Request Form is a fundamental document used in New Zealand's property sector to initiate professional valuation services. It serves as the primary tool for collecting necessary information about the subject property and establishing the scope of valuation services required. This document is typically used when property owners, financial institutions, or other interested parties need a professional assessment of a property's value for purposes such as sale, purchase, refinancing, insurance, or legal proceedings. The form ensures compliance with New Zealand valuation standards and relevant legislation, including the Valuers Act 1948 and consumer protection laws. It captures crucial details about the property, the requesting party, access arrangements, and specific requirements for the valuation, forming the basis of the professional engagement between the client and the registered valuer.

Suggested Sections

1. Client Information: Essential contact details and identification of the person/entity requesting the appraisal

2. Property Details: Full address and legal description of the property to be appraised

3. Purpose of Appraisal: Intended use of the appraisal (e.g., sale, refinancing, insurance)

4. Access Instructions: Details for accessing the property, including contact person and preferred inspection times

5. Service Requirements: Specific type of valuation service required and any special requirements

6. Timeline: Required completion date and any specific timing considerations

7. Fee Structure: Proposed fees, payment terms, and any additional costs

8. Privacy Statement: Information about how personal data will be collected, used, and protected

9. Terms and Conditions: Standard terms governing the appraisal service

10. Authorization: Client signature and date, confirming agreement to proceed with the appraisal

Optional Sections

1. Strata/Unit Title Details: Additional section for apartments or units requiring body corporate information

2. Rural Property Specifications: Additional details needed for rural properties including land use, water rights, etc.

3. Previous Valuations: Information about any previous valuations if relevant

4. Special Instructions: Any unique requirements or circumstances that need to be considered

5. Third Party Authorization: Authorization section when the request is made on behalf of the property owner

6. Insurance Requirements: Specific section for insurance valuation purposes

Suggested Schedules

1. Fee Schedule: Detailed breakdown of fees for different types of valuation services

2. Required Documentation Checklist: List of documents required from the client for the appraisal

3. Property Features Checklist: Standard checklist of property features to be assessed

4. Terms of Engagement: Detailed terms and conditions of the valuation service

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 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

Banking and Finance

Insurance

Property Management

Legal Services

Construction

Agriculture (for rural properties)

Commercial Property

Residential Property

Relevant Teams

Valuations

Property Management

Real Estate Sales

Mortgage Services

Legal Services

Insurance Services

Asset Management

Client Services

Rural Services

Commercial Property

Relevant Roles

Registered Valuer

Property Manager

Real Estate Agent

Mortgage Broker

Bank Manager

Insurance Underwriter

Property Lawyer

Financial Advisor

Asset Manager

Property Developer

Facilities Manager

Rural Property Specialist

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Authors

Alex Denne

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