Residential Valuations are usually carried out on domestic properties for a variety of reasons. These can include probate, divorce or to establish the market Value of a property prior to marketing or purchasing.Residential valuations can also be for security purposes when approaching a lender for a mortgage or other loan.
Commercial Valuations can be similar to residential valuations although are clearly on commercial buildings such as shops, cafes, restaurants, businesses, factories and other types of commercial properties.
A Schedule of Condition of a property/commercial premises is usually carried out prior to signing a new Lease. This will identify the condition of the property at the beginning of a lease and provide a permanent record for use in later negotiations regarding the condition of the building and in relation to the terms and conditions of the Lease.