Commercial property valuations – All you need to know | Frequently asked questions

A commercial property valuation refers to the professional assessment conducted by qualified valuers to determine the market value of a commercial property. This valuation process considers numerous factors such as the property’s location, size, condition, income potential, comparable sales, rental income, expenses, and prevailing market trends. It aims to ascertain the worth of the property […]

Trustees need to know this!

Did you know that many bodies corporate lose money on insurance premiums by skimping on the valuation? In some cases, the reason might be that the body corporate has not met its obligation to obtain the mandatory 3-yearly replacement cost valuation – this usually leads to over-escalating the sum insured by applying the same “on-the-safe-side” escalation rate of 10% year after year.

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