Common use of Purpose and Significance of Appraisals Clause in Contracts

Purpose and Significance of Appraisals. The appraisals to be furnished under this agreement are required by the Agency for its guidance in making fair and impartial determinations of fair market value and the just compensation to be offered to each property owner. The Appraiser shall be guided by those objectives when estimating values. Appraisal reports will be reviewed carefully by the Agency. Accordingly, the text of each appraisal report must cover all matters germane to the required valuation findings and must provide a full explanation of the Appraiser's reasoning and his analyses of the evidence of value, so that a reviewer will be able to follow the Appraiser's analyses and understand how he reached his valuation conclusions.

Appears in 6 contracts

Samples: Appraisal Services Agreement, Appraisal Services Agreement, Appraisal Services Agreement

AutoNDA by SimpleDocs

Purpose and Significance of Appraisals. The appraisals to be furnished under this agreement are required by the Agency for its guidance in making retaking fair and impartial determinations of fair market value and the just compensation to be offered to each property owner. The Appraiser shall be guided by those objectives when estimating values. Appraisal reports will be reviewed carefully by the Agency. Accordingly, the text of each appraisal report must cover all matters germane to the required valuation findings and must provide a full explanation of the Appraiser's reasoning and his analyses of the evidence evidences of value, so that a reviewer will be able to follow the Appraiser's analyses and understand how he reached his valuation conclusions.

Appears in 2 contracts

Samples: Agreement for Appraisal Services, Agreement for Appraisal Services

Purpose and Significance of Appraisals. The appraisals to be furnished under this agreement are required by the Agency for its guidance in making fair and impartial determinations of fair market value and the just compensation to be offered to each property owner. The Appraiser shall be guided by those objectives when estimating values. Appraisal reports will be reviewed carefully by the Agency. Accordingly, the text of each appraisal report must cover all matters germane to the required valuation findings and must provide a full explanation of the Appraiser's ’s reasoning and his analyses of the evidence evidences of value, so that a reviewer will be able to follow the Appraiser's ’s analyses and understand how he reached his valuation conclusions.

Appears in 1 contract

Samples: Appraisal Services Agreement

AutoNDA by SimpleDocs

Purpose and Significance of Appraisals. The appraisals to be furnished under this agreement are required by the Agency for its guidance in making fair and impartial determinations of fair market value and the just compensation to be offered to each property owner. The Appraiser shall be guided by those objectives when estimating values. Appraisal reports will be reviewed carefully by the Agency. Accordingly, the text of each appraisal report must cover all matters germane to the required valuation findings and must provide a full explanation of the Appraiser's ’s reasoning and his analyses of the evidence evidences of value, value so that a reviewer will be able to follow the Appraiser's analyses ’s analysis and understand how he reached his the valuation conclusionsconclusions were reached.

Appears in 1 contract

Samples: Appraisal Services Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!