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Appraisal Request Form for Saudi Arabia

Appraisal Request Form Template for Saudi Arabia

The Appraisal Request Form is a formal document used in Saudi Arabia to initiate a professional valuation service, complying with the requirements set forth by the Saudi Authority for Accredited Valuers (TAQEEM). This document serves as the official request for valuation services and captures essential information about the client, the asset(s) to be valued, the purpose of valuation, and specific requirements. It ensures compliance with Saudi regulations and professional standards while providing a clear framework for the scope of valuation services to be rendered. The form incorporates elements of Islamic Shariah principles and Saudi commercial law, making it a legally sound basis for engaging valuation services in the Kingdom.

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What is a Appraisal Request Form?

The Appraisal Request Form is a fundamental document in the Saudi Arabian valuation process, designed to initiate professional valuation services in compliance with local regulations and international standards. This document is typically used when an entity requires a formal valuation of assets, whether for purchase, sale, financing, insurance, or regulatory compliance purposes. The form must align with requirements set by the Saudi Authority for Accredited Valuers (TAQEEM) and incorporate considerations from Islamic Shariah principles and Saudi commercial law. It includes comprehensive information about the requesting party, the subject of valuation, purpose, timeline, and specific requirements, serving as the foundation for the valuation engagement. The Appraisal Request Form is particularly crucial in ensuring clear communication between the client and the valuation professional while maintaining compliance with Saudi Arabian regulatory requirements.

What sections should be included in a Appraisal Request Form?

1. Client Information: Details of the requesting party including full legal name, contact information, and commercial registration number if applicable

2. Subject of Valuation: Detailed description of the asset(s) to be valued, including location, type, and relevant identifying information

3. Purpose of Valuation: Clear statement of the intended use of the valuation report and its purpose (e.g., sale, purchase, financing, internal purposes)

4. Basis of Value: Specification of the type of value required (e.g., market value, fair value, investment value)

5. Valuation Date: Proposed date as of which the valuation is required

6. Access Details: Information about site access, contact person for inspection, and any special requirements or restrictions

7. Document Checklist: List of required documents to be provided by the client for the valuation

8. Timeline Requirements: Expected delivery date for the valuation report and any interim milestones

9. Declaration: Client's confirmation of information accuracy and agreement to provide necessary documentation

What sections are optional to include in a Appraisal Request Form?

1. Previous Valuation History: Details of any previous valuations of the same asset, used when the asset has been valued before

2. Special Assumptions: Any special assumptions or limiting conditions to be considered in the valuation, included when there are specific circumstances affecting the valuation

3. Third Party Authorization: Authorization for sharing information with third parties, included when the valuation report needs to be shared with other parties

4. Specific Reporting Requirements: Any special reporting format or content requirements, included when the client needs specific analysis or presentation formats

5. Environmental Concerns: Section for declaring known environmental issues, included for properties with potential environmental impacts

What schedules should be included in a Appraisal Request Form?

1. Asset Schedule: Detailed listing of all assets to be valued if multiple items are involved

2. Required Documents Checklist: Comprehensive list of documents required for the valuation, with check boxes for tracking

3. Fee Schedule: Breakdown of valuation fees and payment terms

4. Terms and Conditions: Standard terms and conditions for the valuation service

5. TAQEEM Compliance Declaration: Standard form declaring compliance with TAQEEM requirements and professional standards

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

Jurisdiction

Saudi Arabia

Publisher

Ƶ

Document Type

Evaluation Form

Cost

Free to use
Relevant legal definitions






























Clauses

























Relevant Industries

Real Estate

Banking & Finance

Insurance

Manufacturing

Retail

Hospitality

Healthcare

Education

Industrial

Technology

Mining & Resources

Agriculture

Construction

Infrastructure

Investment & Fund Management

Relevant Teams

Finance

Real Estate

Asset Management

Property Management

Investment

Treasury

Risk Management

Compliance

Legal

Business Development

Portfolio Management

Acquisitions

Facilities Management

Corporate Real Estate

Valuations

Relevant Roles

Chief Financial Officer

Real Estate Manager

Asset Manager

Property Manager

Investment Manager

Facilities Manager

Finance Director

Treasury Manager

Risk Manager

Compliance Officer

Legal Counsel

Business Development Manager

Portfolio Manager

Acquisition Manager

Valuation Professional

Corporate Real Estate Manager

Property Consultant

Financial Analyst

Investment Analyst

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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