Common use of A ppraisal Clause in Contracts

A ppraisal. If the Subject Property Owner has not cured the violation within nine months after the Violation Date, the Subject Property Owner shall immediately retain a real property appraiser licensed in the State of Colorado to provide a value of the Subject Property at the Subject Property Owner’s expense. The Subject Property Owner shall provide that value to the Administrator no later than ten months after the Violation Date and the Administrator shall inform the County of the Subject Property Owner’s submitted value. If the County does not dispute the Subject Property Owner’s submitted value, then that value shall be deemed the Appraised Value. If the County does dispute the accuracy of the Subject Property Owner’s submitted value, the County shall retain its own licensed real property appraiser to appraise the value of the Subject Property at the County’s expense. If the two values differ by $10,000 or less, the average of the two values shall be deemed the Appraised Value. If the two values differ by more than $10,000, the two appraisers shall select a third appraiser to appraise the Subject Property at the equal expense of the Subject Property Owner and the County, and the average of the three values shall be deemed the Appraised Value. If the Subject Property Owner fails to submit their value within the required time period, the Administrator shall so notify the County and the County shall retain its own licensed real property appraiser to appraise the value of the Subject Property at the Subject Property Owner’s expense and that value shall be deemed the Appraised Value.

A ppraisal. If the Subject Property Owner has not cured sold the violation other Residential Property or obtained an exception within nine months after the Violation Acquisition Date, the Subject Property Owner shall immediately retain a real property appraiser licensed in the State of Colorado to provide a value of the Subject Property at the Subject Property Owner’s expense. The Subject Property Owner shall provide that value to the Administrator no later than ten months after the Violation Acquisition Date and the Administrator shall inform the County of the Subject Property Owner’s submitted value. If the County does not dispute the Subject Property Owner’s submitted value, then that value shall be deemed the Appraised Value. If the County does dispute the accuracy of the Subject Property Owner’s submitted value, the County shall retain its own licensed real property appraiser to appraise the value of the Subject Property at the County’s expense. If the two values differ by $10,000 or less, the average of the two values shall be deemed the Appraised Value. If the two values differ by more than $10,000, the two appraisers shall select a third appraiser to appraise the Subject Property at the equal expense of the Subject Property Owner and the County, and the average of the three values shall be deemed the Appraised Value. If the Subject Property Owner fails to submit their value to the Administrator within the required time period, the Administrator shall so notify the County and the County shall retain its own licensed real property appraiser to appraise the value of the Subject Property at the Subject Property Owner’s expense and that value shall be deemed the Appraised Value.