PROPERTY ASSESSMENT SERVICES Clause Samples
The PROPERTY ASSESSMENT SERVICES clause defines the obligations and scope of services related to evaluating the condition, value, or suitability of a property. Typically, this clause outlines the types of assessments to be performed—such as structural inspections, environmental reviews, or appraisals—and may specify the standards or qualifications required of the assessor. Its core practical function is to ensure that all parties have a clear understanding of the property's status and any potential issues, thereby reducing the risk of disputes or unforeseen liabilities related to the property.
PROPERTY ASSESSMENT SERVICES. The term “Property Assessment Services” means those Services described in Section 4.2 of the SOW.