Assumptions

   



















 

         
   
ASSUMPTION, LIABILITIES AND LIMITING CONDITIONS

The appraiser has no present or contemplated future interest in the subject property. This appraisal is not an offer to buy, sell or broker the sale of the item described.

Fees charged for this appraisal are based solely on the length of time expended in appraising the subject property and are in no way related to the value of the property involved.

The appraisal should not be relied upon as the basis for purchase or sale of the item described. It is solely an estimate of value of the subject property at the time and place of the appraisal. Therefore, no liability is assumed as to contractual liability or damages with respect to any legal action initiated as a result of reliance on the information contained herein.

It is understood that the fees paid for this appraisal do not include services of the appraiser in any other manner capacity whatsoever. Ancillary services required by the property owner are to be retained separately. In particular, statements to insurance companies and attorneys, and testimony in any tribunal shall be compensated separately and according to a schedule of fees maintained by the appraiser particularly for such services.

The appraiser shall not be required to give testimony or to attend court solely by reason of this appraisal unless suitable scheduling and fee arrangements are made in a timely fashion.

Neither the report nor any part of it shall be conveyed to any party nor published in any venue without prior written consent of the appraiser. The report is to be used solely for ____________________ (based on appraisal purpose).

The appraiser is neither an attorney nor accountant and assumes no liability for such matters, except as specifically described in this report. This report is made solely to estimate the value of the subject property for ____________________(based on appraisal purpose).

The appraiser shall make no disclosure of the contents of this report, except as mandated by the by-laws and regulations of the professional organizations with which the appraiser is affiliated.

The appraisal has been prepared in conformance with the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation.

In the preparation of this report, the appraiser has consulted a variety of sources, which are documented in the report or available in the appraiser’s files. These sources are assumed to be reliable and accurate: however, the appraiser takes no responsibility for errors or omissions contained within them.

Any verifiable error in regard to a particular item listed in the appraisal will be corrected and the time spent on the correction will be at the appraiser’s expense.

The values reported in this appraisal are warranted by the appraiser to be valid only on the effective date of the appraisal. Normal fluctuations in the art market may affect the values stated in this report after the effective date.

The reported analysis, opinions, and conclusions of the appraiser are limited by the reported assumptions and limiting conditions, and are the appraiser’s personal, unbiased professional analyses, opinions, and conclusions.

The appraiser asserts that she has no present or prospective interest in the property that is the subject of the appraisal and that she has no personal interest or bias with respect to the parties involved.

By payment of the appraisal fee for this report, the parties requesting the appraisal agree that Claudia Miller is released from any and all liability of any kind whatsoever in any way arising from or connected with the appraisal which he has been asked to provide.

Possession of this report does not provide title to the appraised items. The identification of ownership is simply that represented to me by the client or parties authorized by the client, and is not an indication or certificate of title or ownership.

Authorized third parties may rely on the information in this report for the defined purpose and intended use only. Third parties requiring further information in addition to that in the report must obtain the written permission of the owner of the appraisal before the appraiser will discuss the report.

I have relied upon the validity of any documents, such as sales receipts, former appraisals, and documents of authentication supplied by the client, unless I have reason to suspect their accuracy. Investigation of the authenticity of documents or the reliability of information supplied by the client is beyond the scope of this appraisal assignment. Any relevant documents supplied for consideration after the completion of the appraisal may result in additional charges for time and document preparation.

I will maintain your appraisal file and an electronic copy of your appraisal document for five years, or two years after the final disposition of any judicial proceeding in which I provided testimony. Any information within the file will remain confidential except by your authorization, by force of law, or for peer review.

The document must be taken as a whole, and is invalid unless all items listed in the Table of Contents are present. The submission of the report concludes this appraisal assignment.