WHAT IS ASSESSMENT CERTIFICATE? VALIDITY OF ASSESSMENT CERTIFICATE?

In fact, when agencies and organizations conduct valuation of all kinds of properties according to the provisions of law, they must make a certificate of valuation. The valuation certificate is made in writing and clearly states the results of the appraisal process. So what does the content of the appraisal include and how is the validity of the appraisal certificate regulated? The following article will provide readers with information about the appraisal certificate and its validity.

1. WHAT IS ASSESSMENT CERTIFICATE?

Pursuant to the Price Law 2012 stipulating the valuation certificate, according to that, the valuation certificate is a document prepared by the valuation enterprise to notify customers and related parties about the basic contents of the valuation contract. report on appraisal results.

The valuation certificate includes the following basic contents:
– Number of appraisal contracts and/or written request/request for appraisal of prices.

– Information about customers for appraisal.

– Key information about the appraised property (name and type of property, legal and economic-technical characteristics).

– Valuation purposes.

–Time of valuation.

– Legal grounds.

– The basis of the value of the appraised property.

– Assumptions and special assumptions

– Appraisal approach and method.

– Exclusions and limitations of valuation results.

– Final appraisal results.

– Full name, card number and signature of the appraiser assigned to carry out the appraisal signed the Report.

– Full name, card number, signature of the legal representative of the enterprise or the authorized representative in the field of valuation (if any) of the valuation enterprise and the seal of the valuation enterprise case of issuance of certificates at valuation enterprises. Full name, card number, signature of the head of the branch of the valuation enterprise and the seal of the branch of the valuation enterprise that is entitled to issue certificates at the branch of the valuation enterprise as authorized by the appraisal enterprise price.

– Validity period of valuation results.

– Attached appendices

The valuation certificate is the result of the valuation of the valuation enterprise, which is made in writing and used only for the purposes stated in the contract. Accordingly, the valuation results are specified as follows:

– Price appraisal results are used as one of the bases for agencies, organizations and individuals who are the owners or have the right to use the property as prescribed by law and related parties to consider and decide. determine or approve a price for the property.

–  The use of price appraisal results must be for the right purposes stated in the price appraisal contract or the written request for price appraisal of the competent state agency.

– Valuation results are only used within the valid period stated in the report on valuation results and the valuation certificate.

As can be seen, digital certificates play an extremely important role as a result for stakeholders to consider, decide or approve the price for the assets of individuals, agencies and organizations that are owners. own or have the right to use property as prescribed by law. The contents of the valuation certificate clearly state the purpose of the valuation, so the valuation certificate must be used strictly for the purposes stated in the price appraisal contract within the valid time limit of the appraisal as well. was recorded in the report on valuation results and valuation certificate.

2. Validity of valuation certificate

Pursuant to Clause 7 of Circular 28/2015/TT-BTC stipulating the validity of price appraisal, accordingly:

“7. Make reports on valuation results, valuation certificates and send them to customers and related parties

– The report on valuation results and the appraisal certificate are made according to the provisions of Vietnam Valuation Standard No. 06- Report on valuation results, valuation certificate and valuation documents.

– Determining the effective date of the valuation certificate: The effective time of the valuation certificate is the day, month, and year of the issuance of the valuation certificate.

– Determination of validity period of valuation results: The validity period of the valuation results is determined on the basis of legal, economic - technical characteristics of the asset to be appraised; legal and market fluctuations related to the asset to be appraised and for the purpose of valuation, but not more than 6 (six) months from the effective date of the appraisal certificate.

– Report on valuation results and certificate of appraisal after being signed and issued by the valuation enterprise or branch in accordance with the law, transferred to customers and third parties for use. use the valuation results (if any) according to the signed price appraisal contract.”

Thereby, it can be seen that the validity of the valuation certificate is calculated from the date, month and year of the issuance of the appraisal certificate. Based on the legal, economic and technical characteristics of the appraised asset, legal and market fluctuations related to the appraised asset and the purpose to determine the effective term of the appraisal result. pricing. After the valuation enterprise or quick payment of the price appraisal enterprise, the price appraisal certificate will be transferred to the customer and the third party to use the appraisal result (if any) according to the approved valuation contract signed.