The Property Evaluation Form is a critical document in South African real estate transactions and property-related decisions. It is designed to meet the requirements of the Property Valuers Profession Act 47 of 2000 and other relevant South African legislation. This form is used when a professional evaluation of property is required for purposes such as sale, purchase, mortgage applications, insurance, legal proceedings, or municipal ratings. The document includes comprehensive sections covering property identification, physical characteristics, legal status, market analysis, and value determination. As a Property Evaluation Form, it serves as both a working document for valuers and a formal record of professional opinion, requiring careful attention to detail and compliance with industry standards set by the South African Council for Property Valuers Profession.
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1. Property Identification: Comprehensive details of the property including physical address, erf number, title deed number, and zoning information
2. Instruction Details: Purpose of valuation, client details, and date of inspection
3. Property Description: Detailed physical description including size, construction, condition, and improvements
4. Location Analysis: Assessment of the neighborhood, amenities, and factors affecting property value
5. Legal Considerations: Existing rights, restrictions, servitudes, and compliance issues
6. Market Analysis: Current market conditions, comparable sales, and market trends
7. Valuation Methodology: Explanation of valuation approach and methods used
8. Value Assessment: Final value determination with supporting calculations
9. Declaration: Valuer's professional declaration and compliance statement
1. Environmental Factors: Assessment of environmental issues and impacts, used when environmental concerns are relevant
2. Historical Significance: Evaluation of historical value and heritage status, required for heritage properties
3. Income Analysis: Detailed income and expense analysis, used for income-producing properties
4. Development Potential: Assessment of future development possibilities, relevant for vacant land or redevelopment properties
5. Agricultural Assessment: Specific evaluation of agricultural aspects, required for farm properties
6. Sectional Title Analysis: Specific considerations for sectional title properties, used for apartments/units
1. Photographic Schedule: Comprehensive photographs of the property and relevant features
2. Title Deed Extract: Relevant extracts from the title deed showing ownership and restrictions
3. Zoning Certificate: Current zoning information and permitted uses
4. Location Maps: Maps showing property location and surrounding area
5. Comparable Sales Data: Detailed information on comparable property sales used in valuation
6. Building Plans: Approved building plans and layout drawings
7. Valuation Calculations: Detailed calculations supporting the final valuation
Authors
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking & Finance
Insurance
Property Development
Construction
Legal Services
Public Sector
Agriculture
Commercial Property
Residential Property
Relevant Teams
Real Estate
Valuations
Risk Assessment
Legal
Property Management
Asset Management
Underwriting
Property Development
Investment
Operations
Relevant Roles
Property Valuer
Real Estate Agent
Property Manager
Mortgage Broker
Bank Manager
Insurance Underwriter
Property Developer
Property Lawyer
Municipal Valuer
Asset Manager
Real Estate Investment Manager
Property Portfolio Manager
Risk Assessment Officer
Property Consultant
Development Manager
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