The Appraisal Request Form is a crucial document in Pakistan's property valuation process, designed to initiate formal property appraisal services in compliance with local regulations and industry standards. This document is typically used when a property valuation is required for various purposes such as sale, purchase, mortgage, insurance, or tax assessment. The form ensures that all necessary information is properly collected and documented as required by Pakistani law, including specific provisions for both conventional and Islamic banking requirements. It serves as the primary communication tool between the requesting party and the professional valuer, capturing critical details about the property, purpose of valuation, and specific requirements. The document's structure accommodates various types of properties and valuation needs while maintaining compliance with the Pakistan Council of Valuers Ordinance and related banking regulations.
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1. Requesting Party Information: Details of the individual or organization requesting the appraisal, including name, contact information, and relationship to the property
2. Purpose of Appraisal: Specific reason for the appraisal request (e.g., sale, mortgage, insurance, tax assessment)
3. Property Information: Comprehensive details about the subject property including address, type, size, and current use
4. Property Access Details: Contact information for property access and preferred inspection times
5. Ownership Information: Current owner details and relevant documentation
6. Appraisal Requirements: Specific requirements for the appraisal, including type of value needed and date of valuation
7. Timeline Requirements: Expected completion date and any urgent requirements
8. Document Checklist: List of required documents to be submitted with the request
9. Declaration: Statement confirming accuracy of provided information and authorization for the appraisal
1. Previous Appraisal History: Details of any previous appraisals conducted on the property, used when the property has been valued before
2. Special Instructions: Any specific requirements or considerations for the appraiser, included when there are unique circumstances
3. Islamic Banking Compliance: Additional section for Islamic banking requirements, used when the appraisal is for Islamic financing
4. Development Potential: Section for noting potential development opportunities, included for vacant land or properties with development potential
5. Environmental Concerns: Section for noting any environmental issues or requirements, used for industrial properties or contaminated sites
1. Property Document Attachments: List of all property-related documents attached to the request
2. Site Plan/Property Maps: Drawings or maps showing the property layout and boundaries
3. Photo Documentation: Recent photographs of the property (if available)
4. Fee Schedule: Standard fee structure for different types of appraisal services
5. Terms and Conditions: Standard terms and conditions for the appraisal service
Relevant legal definitions
Appraiser
Subject Property
Valuation Date
Market Value
Requesting Party
Property Owner
Intended Use
Inspection Date
Valuation Approach
Property Title
Encumbrances
Zoning Classification
Built-up Area
Plot Area
Property Description
Comparable Properties
Fair Market Value
Forced Sale Value
Islamic Value Assessment
Legal Description
Occupancy Status
Property Rights
Effective Date
Report Type
Scope of Work
Special Assumptions
Valuation Purpose
Development Potential
Environmental Hazards
Highest and Best Use
Subject Property
Valuation Date
Market Value
Requesting Party
Property Owner
Intended Use
Inspection Date
Valuation Approach
Property Title
Encumbrances
Zoning Classification
Built-up Area
Plot Area
Property Description
Comparable Properties
Fair Market Value
Forced Sale Value
Islamic Value Assessment
Legal Description
Occupancy Status
Property Rights
Effective Date
Report Type
Scope of Work
Special Assumptions
Valuation Purpose
Development Potential
Environmental Hazards
Highest and Best Use
Clauses
Property Identification
Authority to Request
Scope of Valuation
Access Rights
Document Submission
Fee Agreement
Confidentiality
Liability Limitation
Terms of Engagement
Property Rights Assessment
Inspection Requirements
Timeline Commitments
Data Protection
Professional Standards Compliance
Conflict of Interest
Document Verification
Islamic Compliance Requirements
Valuation Methodology
Third Party Rights
Cancellation Terms
Force Majeure
Governing Law
Dispute Resolution
Amendment Procedures
Authorization and Consent
Authority to Request
Scope of Valuation
Access Rights
Document Submission
Fee Agreement
Confidentiality
Liability Limitation
Terms of Engagement
Property Rights Assessment
Inspection Requirements
Timeline Commitments
Data Protection
Professional Standards Compliance
Conflict of Interest
Document Verification
Islamic Compliance Requirements
Valuation Methodology
Third Party Rights
Cancellation Terms
Force Majeure
Governing Law
Dispute Resolution
Amendment Procedures
Authorization and Consent
Relevant Industries
Real Estate
Banking & Finance
Insurance
Construction & Development
Legal Services
Government & Public Sector
Islamic Banking
Property Management
Commercial Property
Residential Property
Relevant Teams
Real Estate
Valuations
Credit Risk
Legal
Property Management
Islamic Banking
Mortgage Processing
Documentation
Risk Assessment
Asset Management
Relevant Roles
Property Valuer
Real Estate Agent
Bank Manager
Mortgage Officer
Property Developer
Legal Counsel
Insurance Underwriter
Property Manager
Islamic Banking Officer
Risk Assessment Manager
Real Estate Investment Manager
Credit Analysis Officer
Property Documentation Specialist
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