Common use of Letter Update Clause in Contracts

Letter Update. An appraisal update presented in letter format that incorporates the original report by reference. A letter update may be requested if there have been no major changes in the property and/or significant value conclusions between the date of the last appraisal report and the present time.

Letter Update. An appraisal update presented in letter format that incorporates the original report by reference. A letter update may be requested if there have been no major changes in the property and/or significant value conclusions between the date of the last appraisal report and the present time.. Section 2, Scope of Services | Page 1