Glossary

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There are currently 3 names in this directory beginning with the letter M.
Market Valuation
Market Valuation - The price of a property where both seller and buyer transact knowledgeably, under normal market conditions and without duress.

 

Market Value
Market Value - Definition adopted by RICS means "the estimated amount for which a property should be exchanged on the date of the valuation between a willing buyer and willing seller in an arms length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion".

Marriage Value
Marriage Value - The increase in value a property following the extension of the lease.