Property Evaluation Form

Property Evaluation Form Template for New Zealand

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Key Requirements PROMPT example:

"I need a Property Evaluation Form for a multi-unit residential development in Auckland, with particular focus on body corporate compliance and Healthy Homes Standards, to be used for insurance renewal purposes by March 2025."

Document background

The Property Evaluation Form is a essential document used in New Zealand's property sector for conducting thorough assessments of real estate assets. This document type has been developed to align with New Zealand's property legislation, including the Property Law Act 2007, Real Estate Agents Act 2008, and Building Act 2004. The form serves as a comprehensive tool for property professionals to document building conditions, compliance status, and property characteristics in a standardized format. It is particularly valuable for property transactions, insurance assessments, rental property evaluations, and asset management purposes. The Property Evaluation Form includes sections for detailed property analysis, photographic evidence, and professional observations, ensuring thorough documentation that meets both legal requirements and industry standards.

Suggested Sections

1. Property Identification: Basic details including address, legal description, title references, and property type

2. Evaluation Purpose: States the purpose of the evaluation (sale, rental, insurance, etc.) and intended use of the report

3. Property Description: General description including land area, building type, age, and basic construction details

4. Site Assessment: Evaluation of land characteristics, topography, access, and site improvements

5. Building Exterior: Assessment of roof, walls, windows, doors, and other external features

6. Building Interior: Evaluation of internal spaces, fixtures, fittings, and finish conditions

7. Services and Systems: Assessment of electrical, plumbing, heating, and other building services

8. Compliance Matters: Status of building consents, code compliance, and zoning requirements

9. Overall Condition Rating: Summary assessment and condition grading of the property

10. Limitations and Disclaimers: Scope limitations and professional disclaimers

Optional Sections

1. Seismic Assessment: For properties in earthquake-prone areas or buildings requiring specific seismic evaluation

2. Unit Title Assessment: For apartments and units, including body corporate information

3. Rental Compliance: For rental properties, including Healthy Homes Standards compliance

4. Heritage Assessment: For heritage-listed properties or those in heritage zones

5. Environmental Hazards: For properties requiring specific environmental assessment (contamination, asbestos, etc.)

6. Development Potential: For properties with subdivision or development potential

7. Commercial Features: For properties with commercial elements or potential

8. Rural Specific Features: For rural properties, including land use and agricultural features

Suggested Schedules

1. Appendix A - Photographs: Comprehensive photographic documentation of the property

2. Appendix B - Floor Plan: Detailed floor plans and measurement data

3. Appendix C - Title Documents: Copies of relevant title documents and encumbrances

4. Appendix D - Compliance Documents: Copies of building consents, code compliance certificates

5. Appendix E - Technical Reports: Any specialist reports (structural, geological, etc.)

6. Schedule 1 - Evaluation Criteria: Detailed criteria and standards used for the evaluation

7. Schedule 2 - Condition Ratings: Explanation of condition rating system and definitions

8. Schedule 3 - Property Maintenance Schedule: Recommended maintenance actions and timeframes

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Management

Construction

Banking and Finance

Insurance

Property Development

Property Investment

Facilities Management

Property Valuation

Building Inspection

Relevant Teams

Property Valuation

Real Estate Sales

Property Management

Building Inspection

Facilities Management

Risk Assessment

Due Diligence

Asset Management

Property Development

Insurance Assessment

Relevant Roles

Property Valuer

Real Estate Agent

Property Manager

Building Inspector

Facilities Manager

Property Developer

Insurance Assessor

Mortgage Broker

Property Investment Advisor

Asset Manager

Due Diligence Officer

Property Acquisition Manager

Risk Assessment Officer

Commercial Property Manager

Residential Property Manager

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