Property Evaluation Form - United States

Property Evaluation Form for the United States

Property Evaluation Form Template for United States

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What is a Property Evaluation Form?

The Property Evaluation Form serves as a critical tool in U.S. real estate transactions and property management. This document is essential when detailed assessment of a property's condition, specifications, and compliance status is required, typically during property purchases, refinancing, insurance underwriting, or major renovations. The form encompasses comprehensive evaluation criteria aligned with federal regulations, state-specific requirements, and professional standards (USPAP). It provides structured documentation of physical characteristics, building systems, environmental factors, and compliance status, serving as a reliable reference for decision-making in real estate transactions and property management.

What sections should be included in a Property Evaluation Form?

1. Property Identification: Basic information about the property including address, legal description, and parcel number

2. Physical Characteristics: Details of property size, construction, age, and condition

3. Building Systems Assessment: Evaluation of mechanical, electrical, plumbing, and HVAC systems

4. Site Conditions: Assessment of lot, landscaping, and external features

5. Compliance Status: Current compliance with zoning, building codes, and regulations

What sections are optional to include in a Property Evaluation Form?

1. Environmental Assessment: Detailed environmental review for properties with potential environmental issues or when required by lender

2. Market Analysis: Analysis of property value and market conditions, used when evaluation includes value assessment

3. Historic Preservation: Special considerations for properties in historic districts or with historic designation

What schedules should be included in a Property Evaluation Form?

1. Photograph Schedule: Documentation of property condition through photographs

2. Floor Plan Drawings: Detailed layouts of the property

3. System Inspection Reports: Detailed reports on specific building systems

4. Environmental Test Results: Results of any environmental testing performed

5. Property Documentation: Copies of relevant property documents, permits, and certificates

Authors

Alex Denne

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

Relevant legal definitions

Building Systems

Site Conditions

Code Compliance

Structural Components

Clauses

Relevant Industries

Real Estate
Banking
Insurance
Construction
Property Development

Relevant Teams

Real Estate Operations
Risk Management
Facilities Management
Legal
Finance

Relevant Roles

Property Appraiser
Real Estate Agent
Mortgage Officer
Property Manager
Insurance Underwriter
Building Inspector

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What is a Property Evaluation Form?

What sections should be included in a Property Evaluation Form?

What sections are optional to include in a Property Evaluation Form?

What schedules should be included in a Property Evaluation Form?

Authors

Alex Denne

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