Property Rental Appraisal Letter

PROPERTY RENTAL APPRAISAL LETTER

Client Name:   Appraiser Name:

Property Address:

WHEREAS

WHEREAS, Client has engaged Appraiser to provide a written rental appraisal (the "Report") expressing an opinion of the market rental value for the Property Address identified above as of the effective date set forth below; and

WHEREAS, Appraiser represents that Appraiser holds all necessary professional licenses, certifications, and experience to prepare a rental appraisal and that the Report will be prepared in accordance with the appraisal standards mutually agreed by the parties and described in the Scope of Work; and

WHEREAS, the parties desire to memorialize the terms of engagement, payment, confidentiality, and delivery of the Report in this Property Rental Appraisal Letter and Engagement Agreement.

SCOPE OF WORK

The Appraiser will perform a rental appraisal including market analysis, comparable rent data, reasonable adjustments, and a written opinion of market rent for the Property. Specific tasks include site inspection, verification of lease and operating assumptions provided by Client, selection and analysis of comparable rental units, calculation of adjustments, and preparation of a written Report.

OPINION OF MARKET RENT

Appraiser's Opinion of Market Rent (monthly):

PAYMENT TERMS

Late Payment: Any amounts not paid within days of the due date will incur a late fee equal to per month on the outstanding balance, or the maximum permitted by law, whichever is less.

TERM AND TERMINATION

Engagement Start Date:   Estimated Completion Date:

Either party may terminate this engagement for cause upon days' written notice specifying the nature of the breach. If terminated without cause by Client, Client will pay Appraiser for work performed to date, including a reasonable proportion of charges for partially completed services and any out-of-pocket expenses.

DELIVERABLES AND TIMING

The Report will be provided in writing as a signed letter or report and will include supporting data, comparable rents, and rationale for the opinion of market rent. Delivery timeframe after receipt of all required information:

CONFIDENTIALITY

All non-public information exchanged by the parties for purposes of this engagement shall be treated as Confidential Information. Appraiser shall not disclose Confidential Information to third parties except (i) as required by law or professional standards, (ii) to agents engaged in the preparation of the Report under obligations of confidentiality, or (iii) with Client's prior written consent. Confidential Information shall not include information that is or becomes publicly available other than through breach of this Agreement.

Client acknowledges and agrees to the foregoing confidentiality terms.

REPRESENTATIONS AND CERTIFICATIONS

Appraiser certifies that Appraiser will perform the appraisal with impartiality, objectivity, and independence; that the Appraiser has no undisclosed interest in the Property; and that the compensation for the Report is not contingent upon the appraised value or any agreed-upon outcome. Client represents that information provided to Appraiser is accurate to the best of Client's knowledge.

GOVERNING LAW

This Agreement and the obligations of the parties hereunder shall be governed by and construed in accordance with the laws of the state of without regard to conflict of laws principles.

LIMITATION OF LIABILITY

Except as provided by applicable law, Appraiser's liability to Client for any claim arising out of this engagement shall be limited to direct damages not to exceed the total fees paid to Appraiser under this Agreement. In no event shall Appraiser be liable for consequential, incidental, punitive, or special damages.

ENTIRE AGREEMENT

This Property Rental Appraisal Letter, including any attachments or addenda executed by the parties, constitutes the entire agreement between Client and Appraiser with respect to the subject matter hereof and supersedes all prior negotiations, representations, and agreements, whether written or oral. Any modification must be in writing and signed by both parties.

MISCELLANEOUS

If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall continue in full force and effect. Notices under this Agreement shall be in writing and delivered to the addresses provided by the parties below.

Sign Now