Appraisement Document

APPRAISEMENT DOCUMENT

Client Name:

Appraiser Name:

WHEREAS

Whereas Client desires an independent appraisal and valuation of the property described in this document (the "Property") for the purpose set forth below; and

Whereas Appraiser is duly qualified, experienced, and agrees to perform the appraisal in accordance with generally accepted appraisal practices and the terms of this Appraisement Document; and

Whereas the parties desire to set forth their respective rights and obligations regarding the appraisal engagement in a written agreement.

Purpose and Effective Date

Purpose of Appraisal:

Effective Date of Appraisal:

Scope of Work

The Appraiser shall perform the services described below and shall prepare a written appraisal report stating the appraised value(s) and the methodology used. The Appraiser's work shall include inspection (if applicable), market research, analysis, and preparation of a written opinion. The scope is further detailed in the field below.

Description of Property / Items Appraised

Provide a concise description of the property or item(s) to be appraised. Where applicable include make, model, serial numbers, quantities, and condition.

Appraisal Methodology

The Appraiser will indicate the primary valuation approaches used. Check all that apply and describe any special techniques.

Market Approach

Income Approach

Cost Approach

Assumptions and Limiting Conditions

The appraisal will be subject to stated assumptions and limiting conditions. The Appraiser's opinion is rendered subject to these assumptions and customary limiting conditions for appraisal reports.

Payment Terms

Total Fee:

Late Fee:

Payment shall be due in accordance with the schedule above. Unpaid amounts shall accrue late fees as specified and the Appraiser may suspend work if payments are overdue beyond the cure period set forth in Term and Termination.

Term and Termination

Start Date:

End Date:

Notice Period for Termination:

Either party may terminate this agreement upon written notice if the other party materially breaches the terms and fails to cure within the notice period. Termination will not relieve Client of the obligation to pay for services performed and costs incurred through the effective date of termination.

Confidentiality

The parties acknowledge that the appraisal report and all non-public information exchanged in connection with this engagement constitute confidential business information. Neither party shall disclose confidential information except as required by law or with the prior written consent of the other party.

Client and Appraiser acknowledge and agree to the confidentiality obligations set forth above.

Delivery of Report

Method of Delivery:

Delivery Deadline:

Governing Law

This Appraisement Document shall be governed by and construed in accordance with the laws of the jurisdiction specified below without regard to conflict of law principles.

Governing Law (State/Country):

Dispute Resolution

The parties shall attempt to resolve disputes through good faith negotiation. If unresolved within 30 days, disputes shall be resolved by binding arbitration administered in the governing jurisdiction, unless the parties agree otherwise in writing.

Entire Agreement

This Appraisement Document, including any attachments and exhibits, constitutes the complete and exclusive statement of the agreement between the parties regarding the appraisal engagement and supersedes all prior proposals, agreements, and communications, whether written or oral, relating to its subject matter.

Appraiser Certification

The Appraiser certifies that the statements and opinions expressed in any appraisal report prepared under this agreement are true and accurate to the best of the Appraiser's knowledge and that the Appraiser has no undisclosed interest in the Property that would bias the opinion of value.

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