Document downloads - Core valuation issues
Available downloads
-
Inspection valuation checklist
This is a generic checklist that can be used for commercial, office and industrial properties.
The checklist is provided as a sample only. It is the user's responsibility to check and adapt it as necessary to suit the particular instruction and prevailing circumstances. -
Inspection pro forma for confirmation of rental evidence
Pro forma for confirmation of rental evidence for offices, shops, and commercial and industrial premises.
The checklist is provided as a sample only. It is the user's responsibility to check and adapt it as necessary to suit the particular instruction and prevailing circumstances. -
Loan security valuation acknowledgment letter sample
This suggested letter provides a framework within which to tailor a loan security valuation acknowledgment for a particular case.
This letter combined with the Standard Terms of Business for Valuations needs to cover the requirements of the minimum terms of engagement as set out in the Red Book.
This document template is provided as a sample only. It is the user's responsibility to check and adapt this as necessary to suit the particular instruction and prevailing circumstances. -
Standard terms of business for valuations
Most firms who undertake regular valuation work have prepared standard pro formas for valuation contracts. There are a number of variations in use.
This template will help valuers to draw up contractual documents to meet the needs of their organisations. Valuers need to take into account its appropriateness to their business and the particular instruction.
This document template is provided as a sample only. It is the user's responsibility to check and adapt this as necessary to suit the particular instruction and prevailing circumstances. -
Terms of engagement acknowledgement letter
There are usually a range of letter formats referring to the terms of business and the valuation procedure and assumptions. Such letters of acknowledgement deal with the remaining matters required by Red Book to be dealt with in the contract, with these commonly varying from job to job. They must include a reference to all the minimum terms listed in Red Book with particular care being taken to make the necessary disclosures. The acknowledgement letter will take precedence over the 'standard' terms, but it may still be prudent to modify the standard clauses if they directly contradict any element of the service as expressed in the acknowledgement letter.
It is not possible to devise a standard letter, because every valuation commission depends on its specific circumstances – this sample gives an indication of how the letter could be drafted.
This document template is provided as a sample only. It is the user's responsibility to check and adapt this as necessary to suit the particular instruction and prevailing circumstances. -
Code of measuring practice
Published: September 2007
Reinstated: 23 January 2018
Effective from: 23 January 2018
Code of measuring practice, 6th edition was reinstated on 23 January 2018 after publication of RICS property measurement, 2nd edition.
The 6th edition of the code became effective globally from 18 May 2015 when it was incorporated into the first professional statement, that for offices. -
Contamination and environmental matters: property observation checklists
These property observation checklists from the RICS guidance note Contamination, the environment and sustainability: Implications for chartered surveyors and their clients. They can form the basis for research, and for compiling a record of methodical inspection.
These checklists are provided as a sample only. It is the user's responsibility to check and adapt them as necessary to suit the particular instruction and prevailing circumstances. -
Money laundering guidance (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
The RICS guidance was replaced by the HMRC guidance on the Regulations and RICS will not update this guidance further.
Go to: www.gov.uk/money-laundering-regulations-introduction
This guidance provided a general introduction to preventing money laundering, terrorist finance, bribery, and financial sanctions. It was co-authored by the National Federation of Property Professionals, Royal Institution of Chartered Surveyors, Association of Relocation Professionals, and the Association of Residential Managing Agents. It explained how to interpret and implement anti-money laundering requirements in practice. -
Conflicts of interest for members acting as dispute resolvers (UK)
Published November 2020
Effective from 1 February 2021
Reissued October 2022
This professional standard covers the appointment of surveyors as arbitrators, independent experts, mediators, adjudicators, and other dispute resolvers.
Surveyors may be appointed as dispute resolvers either by private agreement between the parties in dispute, or via RICS or other formal appointing parties, such as the Law Society or the Chartered Institute of Arbitrators (CIArb).
The aim of this second edition professional standard is to provide advice on dealing with possible conflicts of interest for surveyors who are appointed to resolve disputes. It also helps all parties involved in a dispute to understand the main principles and considerations, and to be aware of when an involvement may develop into a conflict of interest.
This document was reissued in October 2022 as a professional standard. It had previously been published in November 2020 as a guidance note. The regulatory requirements remain the same and no material changes have been made to the document. -
Comparable evidence in property valuation (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
Covering most types of real estate asset, this information paper discusses the use of comparable evidence in property valuation and aims to outline the principles of comparable evidence use, encourage consistency in its application worldwide, address issues of availability and the use of comparable evidence under challenging market conditions and consider the potential sources of comparable evidence.
This information paper also discusses the use of comparable evidence in different circumstances and markets, whether volatile or inactive, as well as in developing markets, where comparable evidence is often more difficult to obtain and less familiar to valuers.
Although applicable to land and buildings used for commercial, industrial, residential, agricultural and associated purposes, this publication does not cover the use of comparable evidence in the valuation of plant and equipment. Business assets or personal property are also outside the scope of this information paper, however, many of the principles described may be relevant to these types of asset. -
Valuation of renewable energy installations (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
This information paper addresses the capital and rental valuation of freehold and leasehold landed interests for sites where a significant part of the value arises, or might arise, from the potential to generate renewable energy - principally electricity.
This information paper is primarily concerned with the valuation of developments undertaken on a large scale for the regular production of energy for sale. -
RICS regulation PII guidance on risk, liability and insurance in valuation work (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
This has been superseded by Risk, liability and insurance, 1st edition (April 2021). -
RICS Valuation – Global Standards 2017 (ARCHIVED)
This document has been archived and is available on isurv for information purposes only.
The RICS Valuation – Global Standards 2017 took effect from 1 July 2017, the same date as the IVS 2017.
The accompanying Basis for Conclusions explains the rationale behind the more significant changes made in the final version of the Red Book 2017. Specifically, it addresses the main refinements made in consequence of the responses received to the public consultation. It has been produced purely to assist the reader and does not form part of the standards.
Following the publication of the new edition of IVS, an updated Red Book takes effect from 31 January 2020 in line with the IVS. -
RICS Valuation – Global Standards
Published 30 November 2021
Effective from 31 January 2022
The new edition of Red Book Global Standards (RICS Valuation – Global Standards) takes effect on 31 January 2022, the same date as the new edition of the International Valuation Standards (IVS).
The accompanying Basis for conclusions explains the rationale behind the more significant changes made in the new edition of Red Book Global Standards. Specifically, it addresses the main refinements made in consequence of the responses received to the public consultation. It has been produced purely to assist the reader and does not form part of the standards.
The main reason for issuing the update to Red Book Global Standards is to take account of the changes to the IVS, which Red Book Global Standards adopts and applies.