BASES

1. Market Value - “the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion”;
    
2. Market Rent – “the estimated amount for which a property or space should lease on the date of valuation between a willing lessee and a willing lessor in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion”; and
    
3. Reinstatement Cost - “the calculation of cost to reconstruct the building and associated external works including site clearance and professional fees but excluding VAT”.

We will declare any material link to this property or to the client or his advisers; compliance to the standards may be subject to monitoring by the RICS conduct and disciplinary regulations.

These include good title, vacant possession, all relevant statutory requirements have been satisfied, no encumbrances, no unduly restrictive covenants, no onerous or unusual outgoings, no hazardous or deleterious materials, no contamination, those parts of the property which have not been inspected would not reveal defects or cause an alteration in value and all information - including directions to the property - and documents provided are true and correct.

We will conduct a visual inspection of the property and not a structural survey, therefore covered, unexposed or inaccessible parts are not inspected; our report is confidential to the client for the specific purpose to which it refers and must not be used for any other purpose or any other person however it may be disclosed to other professional advisers assisting the client in respect of the specific purpose.

Any liability on the part of the Company for breach of any provisions of this Agreement giving rise to liability or forming any cause of action whatsoever shall be limited to the Client's actual direct, provable damages in an amount not to exceed the total amount paid to the Company in respect of Fees. The Client agrees that in no event will the Company be liable for damages in respect of incidental, punitive, exemplary, indirect, special or consequential damages, including but not limited to loss of business revenue, lost profits, failure to realize expected savings, or loss of business opportunity. The Client further agrees that in no event will the Company's directors, officers, or employees, be liable for any damages arising out of or related to this Agreement.

FEES

1. Minimum fees - $1,000 for vacant land, $1,500 for dwelling-houses, $2000 for remote and properties with difficult access and $3,000 for commercial buildings or part thereof;
    
2. Deposits - $1,000 for vacant land and dwelling-houses and $3,000 for commercial buildings;
    
3. 15% VAT;
    
4. Settlement is due within 30 days of notification of completion of the report thereafter interest at a rate of 2% per month will be charged on the outstanding balance;
    
5. Values will not be disclosed nor reports delivered until settlement of our fees; and
    
6. A full refund is only applicable where no work has been undertaken.

Once all our requirements are provided delivery would be within 10 working days; however jobs in remote locations would be within 15 working days.