The Simple Appraisal Form is a fundamental document in Canadian real estate transactions and property valuations. This standardized form is designed to meet the requirements of the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) while providing a clear, concise assessment of property value. It is commonly used for residential and simple commercial property valuations, mortgage lending, insurance purposes, and property tax assessments. The form includes essential elements such as property identification, market analysis, and value conclusion, supported by relevant documentation and professional certification. This document type is recognized across Canadian provinces and territories, though specific requirements may vary by jurisdiction. The Simple Appraisal Form serves as a critical tool for property transactions, financial planning, and legal proceedings, providing a reliable basis for decision-making by various stakeholders in the real estate sector.
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1. Property Identification: Detailed description of the subject property including address, legal description, and property type
2. Client Information: Identity of the client requesting the appraisal and intended users of the report
3. Purpose and Scope: Statement of the appraisal's purpose, intended use, and scope of work performed
4. Effective Date: Date of the appraisal and date of inspection
5. Property Characteristics: Physical characteristics, improvements, and current use of the property
6. Market Analysis: Brief overview of relevant market conditions affecting the property value
7. Valuation Approach: Methodology used to determine the property value
8. Value Conclusion: Final opinion of value with supporting rationale
9. Certification: Appraiser's professional certification and compliance statement
10. Assumptions and Limiting Conditions: Standard and specific assumptions and limitations of the appraisal
1. Environmental Conditions: Assessment of environmental factors when relevant to property value or when specifically requested
2. Highest and Best Use Analysis: Analysis of the property's optimal use when relevant for complex properties
3. Development Potential: Analysis of development opportunities when appraising vacant land or properties with redevelopment potential
4. Rental Analysis: Analysis of rental income and market rates for income-producing properties
5. Zoning Analysis: Detailed analysis of zoning regulations when relevant to value or future use
1. Photographs: Interior and exterior photographs of the subject property
2. Location Maps: Maps showing property location and relevant geographical context
3. Comparable Sales Data: Detailed information about comparable properties used in the analysis
4. Title Documents: Relevant property title information and documentation
5. Floor Plans: Property layout and measurements when available
6. Professional Qualifications: Appraiser's credentials and professional certifications
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking & Finance
Insurance
Property Development
Construction
Government & Public Sector
Property Management
Legal Services
Mortgage Lending
Asset Management
Relevant Teams
Real Estate
Valuation
Risk Assessment
Legal
Property Management
Mortgage Lending
Investment
Asset Management
Insurance
Compliance
Relevant Roles
Real Estate Appraiser
Property Assessor
Mortgage Broker
Real Estate Agent
Property Manager
Insurance Underwriter
Loan Officer
Asset Manager
Real Estate Lawyer
Property Developer
Investment Analyst
Risk Manager
Bank Manager
Real Estate Portfolio Manager
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