"USB242EXPERIENCEPROPERTY WEEK 8 Valuation Report Writing Lecture Outline ? Assessment 2 - Market Rent Review? Valuation Report – Format ? Rent Review Process ? Rent Review Calculations ? Comparable Rent Schedule ? Worked ExamplesAssessment 2 – Rent Review Weighting: 25% Assessment type: Individual analysis, reportand submission Due date: Week 11, Monday 9 Length: 2,000 words. All assignments to be lodged through TurnitinAssessment 2 – Rent Review ? Subject property is 457 Tufnell Road, Banyo. ? The subject property is relevant to both Assessment 2and Assessment 3.? For Assessment 2 you are tasked to assess the MarketRent for the subject property.? You will need to make investigations into the leasingmarket not only of the rates applicable but the termsthat leases are being struck on.Assessment 2 – Rent Review ? The market rental figure and terms have to besupported with a full lease rental analysis for theselected property and its particular location.Assessment 2 – Rent Review ? All final assessments have to be supported bycurrent market information including:? existing competition ? proposed competition? current vacancy rates for the location and? current economic conditions.Valuation Report WritingExecutive Summary An Executive Summary should always be read in conjunction with the wholereport. The intention is to provide a brief outline of the following information: ? Property Address ; Real Property Description/Title Details (e.g. Lot andPlan Number etc.); Registered Owner(s) ? Encumbrances (limited to those that affect the use or value of the subjectproperty) ? Purpose to which the report is to be used (e.g. First mortgage securitypurposes) ? Town Planning (Describe the applicable town planning designation butleave the explanation of those designations to the body of the report. ? Brief Description of the Property “As Is” andProposed Improvements (ifany)."