Valuer update: Supplementary reports – what valuers need to know

Whilst supplementary reports are permissible, stringent guidelines are now in place.

In brief: Attention valuers: supplementary reports are permissible, but stringent guidelines are now in place.

If a valuer is of the view that its rent determination report is deficient or requires elaboration, a valuer can issue a supplementary report to support their initial report. However, the supplementary report should be issued within a timely manner following the initial report, and there must be no evidence of any collusion with the landlord or tenant.

What you need to know:

• Whilst a supplementary report may be issued by the valuer, it is highly recommended that the valuer obtain legal advice before doing so.