TERMS

Terms of Engagement

Acceptance of Terms

By engaging Macarthur Property Valuers and using our services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Engagement.
If you do not agree with any part of these terms, you must notify us immediately and refrain from using our services.

Purpose of Valuation

The valuation report is prepared solely for the purpose stated in your official request.
This report is not intended for mortgage or lending security purposes, and no liability will be accepted if used otherwise.

Valuation Validity

The valuation reflects market conditions as at the date of the report.
The assessed market value remains valid for a period of three (3) months from the date of valuation.

Confidentiality & Use

This report is confidential and intended exclusively for the instructing client.
Reproduction, distribution, or reliance by third parties is strictly prohibited without written consent from Macarthur Property Valuers.

Reliance

This valuation must be read and considered in its entirety, including all schedules, appendices, and qualifications.
No responsibility is accepted for partial use or third-party reliance.

Market Movement Disclaimer

Market values may vary due to economic, policy, or property-specific factors. We accept no liability for variations occurring after the valuation date.

Conflict of Interest

To the best of our knowledge, there are no conflicts of interest associated with this valuation.

Indemnity

The client and any authorised relying parties agree to indemnify and hold Macarthur Property Valuers, its directors, employees, and contractors harmless from any claims, losses, or legal actions arising from use of this report.

Limitation of Liability

Our total liability is limited to the amount paid for the valuation service.
We are not liable for indirect, consequential, or profit-related losses.
This limitation does not apply in the case of proven fraud or deliberate misconduct.

Disclosure Obligations

Clients must provide accurate and complete information. We rely on the truthfulness of the data submitted and assume no responsibility for omissions or misrepresentations.

Professional Standards Scheme

Liability is limited under a scheme approved by Professional Standards Legislation.

Amendments

These Terms of Engagement may be updated at any time. Where practical, clients will be notified of material changes.

Governing Law

These terms are governed by the laws of New South Wales, Australia, and any disputes shall be resolved under NSW jurisdiction.

Future Value Statements

Projections or forward-looking statements provided in the report are estimates only and not guarantees of future value.

Turnaround & Report Delivery

Standard turnaround time is 2 to 10 business days, depending on the complexity and information provided.
Reports are delivered in PDF format via email.
Hard copy originals are available upon request at $250 + GST, with additional copies at $50 + GST each.

Cancellation Policy

50% fee applies if cancelled after engagement confirmation.
100% fee applies if cancelled after property inspection.
No draft or partial reports will be issued for cancelled jobs.

Court & Legal Appearances

Appearances at court, tribunal, or mediation are billed at $550/hour (inc. GST), with a 4-hour minimum charge.

Additional Professional Services

Preparation of supplementary letters or participation in client meetings or calls is billed at $550/hour (inc. GST).

Payment Terms

Full payment is required prior to inspection and report commencement.
An invoice with bank payment details will be provided upon confirmation of your request.

Overdue Accounts

A 30% monthly interest applies to overdue invoices.
Clients are responsible for legal and recovery costs incurred due to non-payment.

Valuer Declaration

Macarthur Property Valuers and the involved valuers declare no financial or personal interest in the subject property.

Copyright & Intellectual Property

This report is the intellectual property of Macarthur Property Valuers and may not be published, distributed, or reused for any other purpose without written authorisation.

Basis of Valuation

All valuations are conducted based on:

“As Is” Market Value, or
“As If Complete” Market Value, based on plans and specifications provided.

Definitions are based on the Australian Property Institute (API):

Market Value:
“The estimated amount for which an asset should exchange on the valuation date between a willing buyer and seller in an arm’s length transaction after proper marketing, with each acting knowledgeably, prudently and without compulsion.”
Market Rental Value:
“The estimated amount for which a property interest should be leased on the valuation date between a willing lessor and lessee on appropriate terms after proper marketing, with both parties acting knowledgeably, prudently and without compulsion.”
Valuation Uncertainty (IVS Definition):
“The possibility that the valuer’s opinion of Market Value may differ from the actual price achieved, assuming no change in market conditions.”