Common use of SCOPE OF APPRAISAL Clause in Contracts

SCOPE OF APPRAISAL. The Appraisal Report shall determine the market value and rental value of the Premises as stated above under Interest Appraised. The opinions of value will be set forth on a value per- square-foot unit of comparison. The Appraisal Report shall contain the following information and analysis: Externalities: Information, including but not limited to: • analysis of national, regional and local economic trends and other relevant forces that influence or impact property values; • descriptions of the immediate and surrounding economic and geographic areas; • descriptions of the Premises’ access features; • availability and market characteristics of comparable properties; • impact of Port of Los Angeles and Port of Long Beach activities; and • a conclusion as to the social, economic, governmental and environmental characteristic of the Premises. Highest and Best Use The Appraisal Report shall include a highest and best use analysis of the Premises as improved and as if vacant.

SCOPE OF APPRAISAL. The Appraisal Report shall determine the market value and rental value of the Premises as stated above under Interest Appraised. The opinions of value will be set forth on a value per- square-foot unit of comparison. The Appraisal Report shall contain the following information and analysis: Externalities: Information, including but not limited to: •  analysis of national, regional and local economic trends and other relevant forces that influence or impact property values; •  descriptions of the immediate and surrounding economic and geographic areas; •  descriptions of the Premises’ access features; •  availability and market characteristics of comparable properties; •  impact of Port of Los Angeles and Port of Long Beach activities; and •  a conclusion as to the social, economic, governmental and environmental characteristic of the Premises. Highest and Best Use The Appraisal Report shall include a highest and best use analysis of the Premises as improved and as if vacant.