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| APPRAISAL REPORT |
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Related Terminology: DEPRECIABLE LIFE
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| a written explanation of a property’s value, including the data and reasoning used to derive that value. Nearly all appraisal reports are written; if a report is given orally, the appraiser needs to keep written accounts of the discussion and how he derived the value estimate. |
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| • -A 150-page self-contained appraisal report was prepared for a neighborhood shopping center to explain fully each element that was considered in estimating its value., • -A 20-page summary report included comparable sales data., • -A 10-page restricted report was limited to the owner’s use. |
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