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ARTICLE · 04 DECEMBER 2017

Valuer Update: 7 steps to follow to avoid having your lease valuation set aside

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Valuers should consider these steps to avoid common mistakes and to ensure that the lease valuation is not set aside.

AustraliaReal Estate and Construction
Rohan Ingleton
Rohan Ingleton

Steps to follow to avoid common mistakes and ensure that your valuation does not get set aside.

In brief: In the last two years, there have been two reported cases where valuations were set aside by VCAT. Further, a number of disgruntled parties have initiated action to have valuations set aside, at least one of which has now been heard at VCAT. I acted on behalf of the tenant effectively defending the valuation and expect a decision in the coming week or two. By following the seven steps detailed below, you can avoid common mistakes and ensure that your valuation does not get set aside.

Seven key steps for valuers to consider:

At a recent seminar I conducted, I recommended that valuers do the following:

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