Property Valuation

In accordance with the Federal Law “On Enforcement Proceedings,” the assessment of the debtor’s property is carried out by the bailiff at market prices (it would be more correct to talk about “market value” and not “price”), acting on the day of execution of the enforcement document, , when the valuation is carried out at regulated prices. He law provides that in the event that the valuation of individual items is difficult, or the debtor or the claimant objects to the assessment made by the bailiff, the bailiff appoints a specialist to determine the value of the property. At the same time, the party challenging the valuation of the property made by the court bailiff carries expenses for the appointment of a specialist.

The main issues of appraising the arrested property are also regulated in sufficient detail by the Federal Law “On Valuation Activities in the Russian Federation.”

So, according to Article 5 of the Law, the objects of valuation are: individual material objects (things); a set of things that make up a person’s property, including property of a certain type (movable or immovable, including enterprises); the right of ownership and other proprietary rights to property or individual items from the property; rights of claim, liabilities (debts); work, services, information; Other objects of civil rights in respect of which the law of the Russian Federation establishes the possibility of their participation in civil circulation.

For more details:  https://www.valsvic.com.au/

The proper execution of the appraiser of hisduties, entrusted to him by the contract, is the timely drawing up in writing and transfer to the customer of the evaluation report of the valuation object (hereinafter – the report). The report should not be ambiguous or misleading. The report shall include the date of the valuation of the appraisal object, the valuation standards used, the objectives and objectives of the valuation of the valuation subject, and other information that is necessary for a full and unambiguous interpretation of the evaluation of the valuation subject matter reflected in the report. In the event that the valuation of the valuation object is determined not by market value, but by other types of value, the report should indicate the criteria for establishing the valuation of the valuation object and the reason for deviating from the possibility of determining the market value of the valuation object. The report should indicate: the date of compilation and the serial number of the report; the basis for the appraiser to conduct an appraisal of the evaluation object; the legal address of the appraiser and information on the license issued to him to perform valuation activities for this type of property; an accurate description of the valuation object, and in relation to the valuation object owned by the legal entity – the details of the legal entity and the carrying amount of the valuation subject; evaluation standards for determining the appropriate type of value of the valuation object, the rationale for their use in the assessment of this valuation object, the list of data used to assess the object, indicating the sources of their receipt, and also the assumptions made during the appraisal of the object; the sequence of determining the value of the valuation object and its final value, as well as the limitations and limits of the application of the result obtained; date of valuation of the valuation object; a list of documents used by the appraiser and establishing quantitative and qualitative characteristics of the evaluation object. The report may also contain other information that, in the opinion of the evaluator, is essential to the completeness of the reflection of the method used to calculate the value of a specific valuation object. For the assessment of certain types of objects of assessment, legislation of the Russian Federation may provide for special forms of reports. The report is personally signed by the appraiser and certified by its seal. the sequence of determining the value of the valuation object and its final value, as well as the limitations and limits of the application of the result obtained; date of valuation of the valuation object; a list of documents used by the appraiser and establishing quantitative and qualitative characteristics of the evaluation object. The report may also contain other information that, in the opinion of the evaluator, is essential to the completeness of the reflection of the method used to calculate the value of a specific valuation object. For the assessment of certain types of objects of assessment, legislation of the Russian Federation may provide for special forms of reports. The report is personally signed by the appraiser and certified by its seal. the sequence of determining the value of the valuation object and its final value, as well as the limitations and limits of the application of the result obtained; date of valuation of the valuation object; a list of documents used by the appraiser .

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