Services | PP Team

There are many reasons why a professional appraisal may be necessary in the course of normal business operations:

Your organization may need professional advice and consultation in many situations that relate to real estate investments:

acquisition of real estate assets
market rent analysis for a multi-residential, industrial, office or retail investment property
development potential analysis according to highest and best use
negotiations for lease renewals
lease structure analysis
operating costs review and tenants improvements chargebacks

When all attempts to resolve a real estate matter fail, litigation is sometimes necessary to resolve a conflict. We can assist with the:

Review of experts reports from both sides of the conflict to identify discrepancies
expert witness testimony preparation
third party valuation
technical assistance with valuation methodology
review of conformity with the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP)

An unexpected increase in your property tax assessment will certainly impact your operation costs and bottom line. We can:

Review the municipal assessment records and methodology used by the assessor
Prepare a value position relative to the assessment
Lead negotiation discussions with the assessor to secure a reduction on the assessment, when possible
Appeal the assessment when all administrative options and negotiations fail

Need a second or third party opinion? We can provide advice on the reliability of an appraisal report and its CUSPAP compliance when:

Prudent lending practices and risk management issues need additional supporting documentation
Real estate value is subject to litigation
If the data, analyses, opinions, and conclusions in a report are deemed reasonable and if the methodology used is appropriate
The Ethics and Standards of Professional Practice are brought into question

Lease agreements can be quite lengthy and the terminology of their particular clauses is often subject to interpretation. We can help:

Review of lease clauses and provisions
Review of renewal clauses and arbitration
Review and perform the financial analysis of the landlord's operating costs to ensure appropriate chargebacks
Review the property tax assessment to determine the correct payments to the landlord
Review space allocation and calculations of gross up ratios

Professional Practice