MILL HAUS LLC DEDICATION AND VACATION AREAS
G
ENERAL ASSUMPTIONS AND LIMITING CONDITIONS
20-0078ds – © 2020 ABS Valuation Page 17
client obtain a confirmation of the subject’s flood zone classification from a licensed
surveyor.
20. If the appraisal is for mortgage loan purposes 1) we assume satisfactory completion
of improvements if construction is not complete, 2) no consideration has been given
for rent loss during rent-up unless noted in the body of this report, and 3) occupancy
at levels consistent with our “Income and Expense Projection” are anticipated.
21. 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 which may be required to discover
them.
22. Our inspection included an observation of the land and improvements thereon only.
It was not possible to observe conditions beneath the soil or hidden structural
components within the improvements. We inspected the buildings involved, and
reported damage (if any) by termites, dry rot, wet rot, or other infestations as a
matter of information, and no guarantee of the amount or degree of damage (if any)
is implied. Condition of heating, cooling, ventilation, electrical and plumbing
equipment is considered to be commensurate with the condition of the balance of the
improvements unless otherwise stated. Should the client have concerns in these
areas, it is the client’s responsibility to order the appropriate inspections. The
appraiser does not have the skill or expertise to make such inspections and assumes
no responsibility for these items.
23. This appraisal does not guarantee compliance with building code and life safety code
requirements of the local jurisdiction. It is assumed that all required licenses,
consents, certificates of occupancy or other legislative or administrative authority
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 conclusion
contained in this report is based unless specifically stated to the contrary.
24. When possible, we have relied upon building measurements provided by the client,
owner, or associated agents of these parties. In the absence of a detailed rent roll,
reliable public records, or “as-built” plans provided to us, we have relied upon our
own measurements of the subject improvements. We follow typical appraisal
industry methods; however, we recognize that some factors may limit our ability to
obtain accurate measurements including, but not limited to, property access on the
day of inspection, basements, fenced/gated areas, grade elevations,
greenery/shrubbery, uneven surfaces, multiple story structures, obtuse or acute wall
angles, immobile obstructions, etc. Professional building area measurements of the
quality, level of detail, or accuracy of professional measurement services are beyond
the scope of this appraisal assignment.
25. We have attempted to reconcile sources of data discovered or provided during the
appraisal process, including assessment department data. Ultimately, the
measurements that are deemed by us to be the most accurate and/or reliable are
used within this report. While the measurements and any accompanying sketches
are considered to be reasonably accurate and reliable, we cannot guarantee their
accuracy. Should the client desire a greater level of measuring detail, they are urged
to retain the measurement services of a qualified professional (space planner,