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Form #822Basic Assumptions and Limiting Conditions
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Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
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or any other commercial use is prohibited. This includes reposting forms from this
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Your use of this site constitutes your acceptance of our terms of use and your
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These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
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Basic assumptions and
limiting conditions.
1. Appraiser has relied on Owner's representation that
the title to the property is good and marketable, free and clear of all
monetary liens and encumbrances, except those set forth herein.
2. The information furnished to Appraiser by the
Client and others—including historical financial data, and other data
concerning the property—is believed to be true and accurate. However, Appraiser
assumes no liability for the accuracy of such information.
3. Appraiser has reviewed the lease abstracts provided
by Owner and has relied on the lease abstracts. Appraiser also has relied upon
_________'s review of the mathematical accuracy of the computer model provided
by Owner.
4. Responsible ownership and competent property management
are assumed.
5. Appraiser has not made an independent survey of the
property and assumes no responsibility in connection with such matters.
6. Disclosure of the contents of this report is
governed by the By-Laws and Regulations of the American Institute of Real
Estate Appraisers of the National Association of Realtors.
7. (Name of person performing appraisal) is currently
certified under the A.I.R.E.A. voluntary continuing education program.
8. The contents of this report may be disseminated to
the public by the Registration Statement on Form S-11 of Owner, including the
Prospectus contained herein.
9. Appraiser has relied on engineering information
supplied by (name of engineering and testing company). It is assumed that there
are no hidden or unapparent conditions of the property, subsoil, or structures
which would render it more or less valuable. No responsibility is assumed for
such conditions or for engineering inspections which may be required to
discover them.
10. It is assumed that there is full compliance with
all applicable zoning and use regulations and restrictions unless a
nonconformity has been stated, defined and considered in this report.
11. It is assumed that all required licenses,
certificates of occupancy, consents or other legislative or administrative
authorizations from any local, state or national governmental or private entity
or organization have been or can be obtained or renewed for any use on which
the value estimates contained in this report are based.
12. It is assumed that the utilization of the land and
improvements is within the boundaries or property lines of the property and
that there is no encroachment or trespass unless noted within this report.
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Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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