Thorough, fully motivated, well-researched, analytical and objective. All property rental determinations undertaken by Summerton Edelson entail the following:
- Detailed information gathering: Title deeds, survey diagrams, town planning information and leases (where applicable) are obtained. A thorough on-site inspection of the property and improvements is conducted. Where plans are not available, on-site measurements are taken.
- Analysis of the subject property: Commentary is provided on conditions of title, servitudes and endorsements and compliance with town-planning conditions. Condition and functionality are assessed while gross and rentable areas (for commercial properties) are determined. Where relevant, the regulatory environment is also assessed.
- Gathering of relevant market information: Commentary is provided on macro-economic, sectoral and local market conditions. Research is undertaken of relevant comparable properties to determine market rental rates.
- Application. Careful consideration is given to the value forming attributes of the subject property in relation to relevant market data culminating in an objective conclusion in respect of rental value.
- Reporting. A fully motivated and comprehensive report is provided to the instructing party.
