ABSTRACT
When a valuation is commissioned, the valuer will wish to make a careful inspection and to discover information about the property to be valued that is not apparent from the inspection. Among the further property-specific details required will be information about the legal interest available, whether there are any leases, and if so their terms including rent, any planning or other proposals likely to affect the use of the property and the nature of the immediate neighbourhood. The valuer will be familiar with the market and the general influences being exerted on it and will hold or have access to details of recent transactions relating to sales and lettings of similar properties, which may be of assistance in determining the value of the property under consideration.
