Real property research report
■Real property research report based on appraisal approaches not in conformity to Japan’s Real Estate Appraisal Standards is the limited scope appraisal report.
■Appraisal approaches not in conformity to Japan’s Real Estate Appraisal Standards is allowed as below cases;
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Real property appraisal is used only within the client.
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Disclosed real property appraisal does not significantly affect the judgment of the user.
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In case real property appraisal is not disclosed, and the consent of the disclosure or submission destination about appraisal approaches not in conformity to Japan’s Real Estate Appraisal Standards, is obtained.
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Not be able to be in conformity to Japan’s Real Estate Appraisal Standards.
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There is justified reason that real property research report based on appraisal approaches is not in conformity to Japan’s Real Estate Appraisal Standards in view of scope of work and scope of users.
■This report is used if you have budget limitation, time limitation, need to know the real estate value for internal use only or to submit this to an auditor.
■Contents
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The results of real property research and basis of value or rent
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General assumption and limiting conditions
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Identification of the property
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Confirmation of physical attributes and and real property interest
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Purpose and intended user of the research report
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Date of inspection and the research
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Valuation process
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Appraisers and appraisal firms involved in the appraisal have an interest in the real property appraisal or not
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