Assessment of premises

Empty office space

Conducting an independent expert assessment of the premises is mandatory if you need:

  • transfer the premises to trust management,
  • rent out the premises;
  • privatize the premises;
  • conduct a lease operation for premises;
  • conduct a transaction for the purchase and sale of premises;
  • insure the premises against various insured events;
  • get the necessary loan secured by premises;
  • attract additional investments;
  • determine the tax base for fixed assets when calculating property tax;
  • contribute a share in the organization’s capital in the form of premises;
  • accurately determine the amount of damage to a room from an accident, fire, flooding, etc.;
  • divide the property;
  • draw up a prenuptial agreement;
  • enter into inheritance of property (assessment of property for inheritance);
  • and settle other controversial issues.

What is happening in the office real estate market

Currently, the state of affairs in the office real estate market is characterized as stable. Demand remains quite high. The main reasons for this are: the development of the economy, the consolidation of companies and the prerequisites for doing business at the level of world standards.

Office real estate is specific in its concentration within the city limits. Since the Office of any company is its face and the majority of visitors to any organization forms their opinion about it primarily by the state and location of office premises, it is easy to conclude that the assessment of the office strongly depends on its location.

Office evaluation or office space evaluation is ordered for various reasons. For example, in order to make a profitable purchase and sale transaction, add real estate to the authorized capital of an enterprise, take out a loan from a bank, or make an important management decision. At the same time, experts consider the comparative method based on the study of similar transactions to be the most effective way to evaluate the office, which, of course, does not exclude the possibility of using the other two approaches (it makes sense to write the names of these two approaches in parentheses without quotation marks. costly and whatever it is), especially when it is not possible to obtain reliable information about a similar transaction made earlier. Offices are increasingly becoming an object of investment in financial resources, they are bought, sold, and rented out. Thus, to date, there are a sufficient number of precedents that can be used in the comparative approach when evaluating an office.

If earlier there were only a few factors that affect the cost of an office when evaluating, such as: the location of the office, its area, the convenience of the entrance – today a much wider range of factors has an increasing impact on the cost.

List of documents required for office evaluation:

  • documents confirming the right to the object (ownership, lease, etc.)
  • BTI documents for the object (extract from the technical passport, explication, floor plan)
  • information about the presence of encumbrances at the object (encumbrance with collateral or debt obligations, the presence of tenants, legal reservations, agreements, contracts, contracts, special tax levies and other restrictions on use), (if any)
  • documents confirming the right to a land plot (ownership, lease, etc.)
  • certificate of the book value of the object, certificates of utility payments and taxes
  • permission for redevelopment, if carried out
  • documents confirming the right to lease land (in case of registration of land legal relations)