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WHAT
INFORMATION IS NEEDED BY THE APPRAISER FOR COMMERCIAL, INDUSTRIAL,
AND RESIDENTIAL RENTAL PROPERTY?
Income and Expenses
for the past 3 years. Income should be by unit, and annually
if business or other income is included (please make sure
that the utilities are divided out by type, i.e. gas, water,
insurance, taxes, etc...).
List of rental
leases, by unit and amount of rent. If there are none, then
the length of time each tenant has occupied their unit. When
was the last time the rent was increased and what was the
rent was before the most recent increase?
What is the current
number of vacant units?
Do you have any
building sketches (all, if available) and site sketches (commercial
and industrial, if available) for the subject?
Any there any easements
to or affecting your property? Other than typical utility.
An example would be a neighbor having access across your property
to gain access to his/hers?
A list of improvements
(and cost) completed in the past 5 years (residential) or
10 years (commercial & industrial). Specifically, items
of interest to the appraiser include the roof, heating, cooling,
windows, water heater, appliances, floor coverings, and any
walls or ceilings.
Any items you think
should receive significant consideration by the appraiser.
Thanks. Felderman Appraisals.
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