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19.0
Methodology and Assumptions
The methodology
used in determining the Market value of the property was the
Comparison Approach Method.
The
assumptions are as follows:
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1. |
No responsibility is
assumed for the legal description or matters including
legal or title considerations. Title to the property is
assumed to be good and marketable unless otherwise
stated. |
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2. |
It is
assumed that there are no hidden or apparent conditions
for the property ; sub soils or aspects that render it
more or less valuable. No responsibilities for such
conditions or for arranging for studies that may be
required to discover them. |
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3. |
It is assumed that all
the land use regulations and restrictions, if any have
been complied with, deferred and complied within the
valuation report |
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4. |
The open market
valuation is based on the assumption that market value
is in cash or cash equivalent terms, while the
replacement value is based on the cost of construction
that currently exists. |
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