Property Appraisal Opinion

Property Appraisal Opinion

Client Name:   Appraiser Name:

Engagement Date:   Effective Valuation Date:

Recitals

WHEREAS, Client has requested an independent appraisal opinion concerning the fair market value of the Property identified above as of the Effective Valuation Date; and

WHEREAS, Appraiser holds the necessary qualifications and licenses to render a written appraisal opinion and agrees to perform the Work in accordance with the terms of this Agreement; and

WHEREAS, the parties desire to set forth their respective duties, compensation, and legal obligations in writing.

Scope of Work

Appraiser shall prepare a written appraisal opinion reporting the estimated market value of the Property as of the Effective Valuation Date. The appraisal shall include market data, analysis, applicable photographs, assumptions, limiting conditions, and a reconciliation of approaches to value applied.

Valuation Opinion

Appraised Value Opinion (numeric): $   Value As Of:

Cost Approach    Sales Comparison Approach    Income Capitalization Approach    Reconciliation of Approaches

Payment Terms

Fee Amount: $

Late Payment Fee:   Unpaid balances may incur collection costs and interest as set forth above.

Term and Termination

Term Commencement Date:   Termination Date (if any):

Either party may terminate this Agreement for material breach if the breaching party fails to cure such breach within the notice period specified above. Termination does not relieve Client of obligations to pay for work performed or expenses incurred through the termination date.

Confidentiality

Appraiser shall treat all non-public information furnished by Client as confidential and shall not disclose such information to third parties except (i) as required by law or regulation, (ii) to professional consultants retained in connection with the appraisal and bound by confidentiality, or (iii) with Client's prior written consent. Notwithstanding the foregoing, Appraiser may retain and use aggregated, anonymized data for internal quality control and statistical analysis.

Client authorizes the disclosure of the appraisal report to third parties only with prior written consent, except that disclosure to bona fide purchasers, lenders, or their professionals is permitted if necessary to effect a transaction involving the Property.

Certifications and Representations

Appraiser certifies that this appraisal opinion is impartial, conforms to applicable professional standards, and that the Appraiser has no undisclosed interest in the Property. Appraiser further represents that all material facts known to Appraiser that could affect the opinion of value have been disclosed.

Attachments and Exhibits

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction of the Property's location, without regard to conflict of law principles. The parties agree that venue for any dispute shall lie in a court of competent jurisdiction in that jurisdiction.

This Agreement, together with any written attachments and the appraisal report, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations, representations, and agreements, whether written or oral. Any amendment must be in writing and signed by both parties.

Dispute Resolution

The parties shall attempt in good faith to resolve disputes arising out of this Agreement through negotiation. If negotiation fails, the parties agree to submit the dispute to binding arbitration administered by a neutral arbitral body mutually agreed upon, with the arbitration taking place in the jurisdiction identified above.

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