Appraisal Request Form Template for Malaysia

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Key Requirements PROMPT example:

Appraisal Request Form

"I need an Appraisal Request Form for a commercial warehouse property in Kuala Lumpur's industrial zone, required for a potential sale transaction closing in March 2025, with specific attention to recent renovations and machinery installations."

Document background

The Appraisal Request Form is a crucial document in the Malaysian property valuation process, designed to initiate formal property appraisal services in compliance with local regulations and professional standards. It is used when individuals, companies, or institutions require professional valuation of real estate assets for various purposes such as sale, purchase, mortgage, insurance, or legal proceedings. The form collects comprehensive information about the subject property, the requesting party, and specific requirements of the valuation assignment. This document ensures that all necessary details are captured at the outset of the engagement, allowing valuers to provide accurate quotes and appropriate service levels while maintaining compliance with the Valuers, Appraisers and Estate Agents Act 1981 and related regulations.

Suggested Sections

1. Form Reference Information: Form number, date, and version control information

2. Client Information: Complete details of the requesting party including name, contact information, and identification details

3. Subject Property Details: Comprehensive information about the property to be appraised including address, lot number, title details, and property type

4. Purpose of Valuation: Specific purpose for which the appraisal is required (e.g., sale, purchase, mortgage, insurance, etc.)

5. Service Requirements: Specific type of valuation service requested and any special requirements

6. Access Arrangements: Contact details and preferred arrangements for property inspection

7. Timeline Requirements: Requested completion date and any specific timing considerations

8. Fee Structure: Standard fee information and payment terms

9. Declaration: Client's declaration of information accuracy and consent to terms and conditions

Optional Sections

1. Previous Valuation History: Details of any previous valuations of the property, used when the property has been valued before

2. Additional Documents Required: Checklist of additional documents needed based on property type and valuation purpose

3. Special Instructions: Section for any specific requirements or considerations not covered in standard sections

4. Third Party Authorization: Authorization section when the request is made on behalf of another party

5. Corporate Information: Additional information section when the client is a corporate entity

Suggested Schedules

1. Terms and Conditions: Standard terms and conditions for the appraisal service

2. Fee Schedule: Detailed breakdown of fees for different types of properties and services

3. Required Documents Checklist: List of standard documents required for different types of properties and valuation purposes

4. Property Information Sheet: Detailed form for capturing specific property characteristics and features

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Banking and Finance

Insurance

Property Development

Legal Services

Asset Management

Government and Public Sector

Construction

Corporate Real Estate

Retail

Relevant Teams

Real Estate

Valuations

Property Management

Legal

Risk Management

Facilities Management

Asset Management

Mortgage Operations

Insurance

Investment

Property Development

Corporate Services

Relevant Roles

Property Valuer

Real Estate Appraiser

Property Manager

Real Estate Manager

Asset Manager

Mortgage Officer

Real Estate Lawyer

Property Developer

Facilities Manager

Investment Analyst

Risk Assessment Officer

Insurance Underwriter

Real Estate Agent

Property Consultant

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