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assumptions and limiting conditions

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assumptions and limiting conditions

A recital of the assumptions on which an appraisal is based.These typically include matters such as:the appraisal is an accurate reflection of the value of the property, but only if there are no hidden defects, there are no boundary line problems, factual information obtained from others is correct,zoning allows the current or anticipated future use,and other such matters.



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list of assumptions and limiting conditions for a business valuation.
Professional guidance in business valuation: applying SSVS1 by Reilly, Robert F. / Journal of Accountancy
Form 70/Fannie Mae Form 1004 (March 2005); similar assumptions and limiting conditions also apply to individual
Toxic mold liability update: implications of Kilian v. Equity ... by Aalberts, Robert J.; Hoyt, Richard W. / Appraisal Journal
Each form includes the purpose of the appraisal, scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions and appraiser's certification.
Fannie Mae's new URAR 1004: an overview by Webster, Adam / Valuation Insights & Perspectives
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