General

Question 1

How did you know it was freehold?

Answer 1

Land registry - Title document

Question 2

What is Red Book?

Answer 2

Set of professional standards and guidance for valuers. It sets out mandatory rules, best practice, and guidance on all aspects of valuation services, covering a wide range of property types and purposes.

Question 3

What is special assumption?

Answer 3

An assumption that either assumes facts that differ from the actual facts
existing at the valuation date or that would not be made by a typical
market participant in a transaction on the valuation date

Question 4

What was included in the ToE?

Answer 4

• Identification and status of the valuer
• Identification of the client
• Identification of any other intended users
• The asset to be valued
• Currency
• Purpose of valuation
• Basis of valuation
• Extent of investigation
• Nature and source of the info to be relied upon
• Assumption and special assumptions
• Fee basis
• CHP

Question 5

How did you determine you were competent to carry out this valuation?

Answer 5

Skills, Understanding and Knowledge