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1. The purpose of the
valuation shall be agreed between the Client and the Valuer.
2.
The subject, including treatment of
fixtures and fittings, and tenure (freehold/leasehold) of the property to be
valued shall be as agreed with the Client.
3. Unless otherwise agreed, the basis/bases
of valuation to be provided will be as prescribed by The RICS Appraisal and
Valuation Manual and agreed/confirmed in writing by the Valuer to the Client
before the Report is issued, along with any special assumptions relating to the
basis/bases.
4. Subject to paragraphs 6 and 7 below, the
Valuer shall carry out such inspections and investigations as are, in the
Valuer’s professional judgement, appropriate and possible in the particular
circumstances.
5. The Valuer shall rely upon information
provided by the Client and/or Client’s legal or other professional advisers
relating to tenure, tenancies and other relevant matters.
6. The Valuer will have regard to the
apparent state of repair and condition of the property but will not carry out a
building survey nor inspect those parts of the property that are covered,
unexposed or inaccessible. Such parts will be assumed to be in good repair and
condition. The Valuer will not be under a duty to arrange for the testing of
electrical, heating or other services.
7. In reporting the Valuer will meet the
relevant requirements of the RICS Appraisal and Valuation Manual and will
make the following assumptions, which he/she will be under no duty to verify:
(a) that no harmful or hazardous material
including, but not limited to, asbestos based materials have been used in the
construction of the property nor has since been incorporated, and that there is
no contamination in or from the ground, and it is not land filled ground;
(b) that good title can be shown and that
the property is not subject to any unusual or especially onerous restrictions,
encumbrances or outgoings;
(c) that the property and its value are
unaffected by any matters which would be revealed by a local search and replies
to the usual enquiries, or by any statutory notice, and that neither the
property, not its condition, nor its use, nor its intended use, is or will be
unlawful;
(d) that inspection of those parts which
have not been inspected would neither reveal material defects nor cause the
Valuer to alter the valuation materially; and
(e) that no radon gas is present at the
property;
8. The report will be provided for the
stated purpose(s) and for the sole use of the named Client. It will be
confidential to the Client and the Client’s professional advisers. The Valuer
accepts responsibility to the Client alone that the Report will be prepared with
the skill, care and diligence reasonably to be expected of a competent chartered
surveyor, but accepts no responsibility whatsoever to any parties other than the
Client. Any such parties rely upon the Report at their own risk. Neither the
whole nor any part of the Report nor any reference to it may be included in any
published document, circular or statement nor published in any way without the
Valuer’s written approval of the form and context in which it may appear.
9. The Client will pay the Valuer the fee
agreed/confirmed in writing by the Valuer and the amount of any Value Added Tax
on the fee. In addition if similarly agreed/confirmed in writing the Client
will re-imburse the Valuer the cost of all reasonable out of pocket expenses
which may be incurred and any VAT thereon.
10. A copy of our complaints procedure is
available upon request.
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