Real Estate Research Mandate

REAL ESTATE RESEARCH MANDATE

Parties and Effective Date

Client Name:

Effective Date:

Property Identification

Scope of Services

The Research Provider shall perform the selected research items and deliver written findings in accordance with the terms of this Mandate. Provider's work shall be performed using reasonable professional care consistent with industry standards for similar engagements.

Title abstract / chain of title

Encumbrances, liens and judgments search

Zoning and land-use / permitted uses

Environmental flags and notice records review

Existing survey and boundary review

Historical permits, certificates and code enforcement

Tax assessment and payment history

Market comparables and valuation commentary

Photographs, site maps and parcel mapping

Deliverables and Timing

Delivery Format: Electronic (PDF) Hard copy

Standard Turnaround (business days):

Requested Completion Date:

Fees, Payment and Expenses

Payment Terms: Payment due within days of invoice. Late payments accrue interest at per month or the maximum permitted by law, whichever is less.

Reimbursable expenses: Records retrieval fees Travel and field costs Third-party report fees

Confidentiality and Use

All data, reports, and work products delivered under this Mandate are confidential and intended solely for Client's internal use in connection with evaluation of the Property. Provider shall not disclose confidential information to third parties except (a) with Client's prior written consent, or (b) as compelled by law, provided Provider gives Client prompt notice if permitted by law.

Reliance; Limitation on Use; Third Parties

Reports produced by Provider are prepared solely for Client's specific transaction or evaluation and may not be relied upon by third parties unless mutually agreed in writing. Client acknowledges that research is limited by available public records and Provider's access to third-party databases.

Representations, Warranties and Indemnity

Each party represents that it has authority to enter this Mandate. Provider represents that services will be performed in a professional manner consistent with customary industry practices. EXCEPT FOR THE FOREGOING, PROVIDER MAKES NO OTHER WARRANTIES, EXPRESS OR IMPLIED. CLIENT SHALL INDEMNIFY AND HOLD HARMLESS PROVIDER FROM CLAIMS ARISING FROM CLIENT'S USE OF THE RESEARCH PRODUCTS EXCEPT TO THE EXTENT CAUSED BY PROVIDER'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.

Limitation of Liability

Provider's aggregate liability to Client for any cause of action arising out of this Mandate shall be limited to direct damages not to exceed the total fees paid by Client to Provider under this Mandate. IN NO EVENT SHALL PROVIDER BE LIABLE FOR CONSEQUENTIAL, INCIDENTAL OR PUNITIVE DAMAGES.

Term; Termination

This Mandate commences on the Effective Date and continues until completion of the Services unless earlier terminated. Either party may terminate for convenience upon days' written notice. Upon termination Client shall pay Provider for services performed and expenses incurred through the termination date.

Notices

All notices required or permitted under this Mandate shall be in writing and delivered to the addresses set forth in this document or as otherwise designated in writing by either party.

Governing Law; Entire Agreement

This Mandate shall be governed by and construed in accordance with the laws of the state specified by Client below. This document, including any schedules or exhibits incorporated by reference, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior agreements and understandings, whether written or oral.

Governing State:

Certifications and Acknowledgements

By signing below Client acknowledges that Client has read, understands and accepts the terms and limitations set forth herein and authorizes Provider to proceed with the selected research tasks upon receipt of the retainer where applicable.

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