Appraisal Request Form

Appraisal Request Form Template for Germany

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Key Requirements PROMPT example:

"I need an Appraisal Request Form for a commercial office building in Munich, focusing on market value determination for potential sale, with specific requirements for energy efficiency assessment and current rental income analysis."

Document background

The Appraisal Request Form is a fundamental document used in German property transactions and financial services to initiate professional valuation services. It serves as the formal agreement between the requesting party and the appraiser, outlining the specific requirements, scope, and terms of the property valuation. This document is essential in various contexts, including property sales, mortgage applications, insurance assessments, and legal proceedings. The form must comply with German valuation standards (ImmoWertV), civil law requirements (BGB), and data protection regulations (DSGVO). It captures crucial information about the property, the purpose of valuation, timeline requirements, and fee arrangements, forming the basis for the subsequent appraisal process.

Suggested Sections

1. Client Information: Details of the requesting party including name, address, contact information, and status (private individual, company, bank, etc.)

2. Property Details: Complete description and address of the property to be appraised, including property type, size, and registration details

3. Purpose of Valuation: Specific purpose for which the appraisal is required (e.g., sale, purchase, financing, insurance, legal proceedings)

4. Type of Valuation Required: Specification of the valuation method(s) to be used (market value, rental value, replacement value, etc.)

5. Access Arrangements: Details for property inspection, including contact person, availability, and any special requirements

6. Timeline: Requested completion date and any specific deadlines

7. Fee Agreement: Appraisal fee structure, payment terms, and additional costs

8. Data Protection Declaration: GDPR-compliant statement regarding the handling of personal data

Optional Sections

1. Previous Appraisals: Information about any previous valuations of the property, used when the property has been appraised before

2. Special Instructions: Any specific requirements or considerations for the appraisal, included when there are unique circumstances

3. Third Party Authorization: Authorization for sharing the appraisal with specified third parties, included when the report needs to be shared with banks or other institutions

4. Property Development Plans: Information about planned modifications or developments, included when the property is undergoing or planned for development

5. Rental Information: Current rental situation and agreements, included for investment properties or when rental value is relevant

Suggested Schedules

1. Document Checklist: List of required documents to be provided with the request (property documents, floor plans, etc.)

2. Fee Schedule: Detailed breakdown of appraisal fees and additional costs

3. Property Photos: Existing photographs or documentation of the property's current condition

4. Land Register Extract: Recent extract from the Grundbuch (land register)

5. Declaration of Consent: GDPR-compliant consent form for data processing and sharing

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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 & Financial Services

Insurance

Legal Services

Property Development

Construction

Asset Management

Property Investment

Public Sector

Relevant Teams

Real Estate

Valuations

Legal

Risk Assessment

Property Management

Asset Management

Mortgage Processing

Investment Analysis

Insurance Underwriting

Property Development

Facilities Management

Relevant Roles

Real Estate Appraiser

Property Valuer

Mortgage Officer

Real Estate Manager

Asset Manager

Property Developer

Real Estate Agent

Legal Counsel

Risk Manager

Insurance Underwriter

Property Portfolio Manager

Investment Analyst

Bank Manager

Real Estate Investment Manager

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