Property Appraisal Certificate

PROPERTY APPRAISAL CERTIFICATE

Parties

Client Name:    Appraiser Name:

WHEREAS

WHEREAS, Client has requested an appraisal of the real property described below for the purpose of determining market value, and Appraiser is duly qualified and agrees to perform the appraisal in accordance with the terms of this Certificate; and

WHEREAS, the Appraiser shall prepare and deliver a written appraisal report to Client stating Appraiser's professional opinion of value as of the effective date set forth herein and certifying the assumptions, limiting conditions, and compliance with applicable appraisal standards; and

WHEREAS, the Parties agree that the appraisal, payment terms, confidentiality provisions, and other contractual terms shall be governed by the conditions set forth in this Certificate.

Property Description

Appraisal Certification

Appraiser certifies that the statements of fact contained in the appraisal report are true and the analyses, opinions and conclusions are limited only by the reported assumptions and limiting conditions, and are the personal, impartial, and unbiased professional analyses, opinions and conclusions of the Appraiser. Appraiser further certifies that no undisclosed interest, direct or indirect, exists in the subject property and that no undisclosed services were performed within the three-year period that would conflict with the assignment.

Appraisal Type:    Effective Date:    Intended Use:

Scope of Work

The scope of work to be performed by Appraiser is described below. Appraiser shall perform inspections, data collection, market analysis, and prepare a written appraisal report in accordance with accepted professional appraisal standards and the agreed assignment conditions.

Appraisal Results (Summary)

Opinion of Market Value: $    Valuation Date:

Payment Terms

Fee Amount: $    Deposit Required: $

Balance Due: upon delivery of the final report unless otherwise agreed in writing.

Late Fee: on past due balances. Client shall also be responsible for reasonable collection costs and attorney fees incurred by Appraiser to obtain payment.

Term and Termination

This Agreement commences on Effective Date: and, unless earlier terminated, terminates on End Date: .

Either party may terminate this Agreement for convenience upon written notice of days to the other party. Termination shall not relieve Client of the obligation to pay for services performed and expenses incurred prior to termination.

Confidentiality

Except as required by law, Appraiser shall keep confidential all non-public information obtained from Client in connection with the appraisal and shall not disclose such information to any third party without Client's prior written consent. Client acknowledges, however, that Appraiser may disclose the appraisal report as necessary for legal defense, professional review, or as required by authorized regulatory bodies, provided that Appraiser shall give Client prior notice to the extent permitted.

Governing Law

This Certificate and any dispute arising from or relating to it shall be governed by and construed in accordance with the substantive laws of the state identified by Client Jurisdiction: , without regard to its choice of law rules.

Entire Agreement

This Certificate, together with any written attachments and the appraisal report when delivered, constitutes the entire agreement between the Parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, representations, and understandings of the Parties. Any amendment or modification to this Certificate must be in writing and signed by both Parties.

Acknowledgment

By signing below, the Parties acknowledge that they have read, understand, and agree to the terms set forth in this Property Appraisal Certificate and that the Appraiser is authorized to proceed with the appraisal under the terms provided herein.

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