The definitions we use


Definitions from the Charter of Expertise in Property Valuation

Market value :

« The market value is the most probable price (in terms of money) at which a property would be sold at the valuation date, in a competitive and open market, and under all conditions requisite to a fair sale, such as :
- The buyer and seller each acting prudently and knowledgeably and of their free will;
- The existence of a reasonable period for negotiation, taking into account the nature of the property and the situation of the market;
- The property has been offered for sale at a relatively stable price under normal market conditions, without reserves and with adequate promotion;
- The absence of factors of unique personal convenience that might influence the valuation. In general the market value is established either by direct comparison, or by the direct capitalisation approach of theoretic or actual revenues that the property can or may generate or a combination of the above. »

Rental value : 

« La valeur locative de marché correspond au montant pour lequel un bien pourrait raisonnablement être loué au moment de l'expertise.
It is the market rent that can be obtained from leasing a property at the usual terms and conditions for a specific type of product in a given region.

The market rental value is expressed excluding VAT, and excluding maintenance charges, or charges of any other nature, which are rebilled to the lessee.

Before determining the rental value, it is necessary to analyze the specific characteristics of the building, which may constitute major elements in increasing or decreasing its value.

The rental value is regulated for commercial premises under the decree of September 30, 1953 of the Commercial Code. »