Common use of Format for Supplemental Appraisal Reports Clause in Contracts

Format for Supplemental Appraisal Reports. Supplements or amendments to appraisal reports, such as for updating value estimates, changes in acreage, substitution of land, additional support or explanation, or to correct a previous appraisal report, must be referenced for incorporation with the original report, in accordance with USPAP. The following format is required, and all items must be addressed: (1) Title Page.—Include the same information as on the original appraisal report. Label the report "Supplemental Appraisal Report.” (2) Summary of Facts.—Include all of the following:

Appears in 4 contracts

Sources: Cooperative Agreement, Cooperative Agreement, Cooperative Agreement