Are you familiar with the definition of a baseline Property Condition Assessment (PCA) as provided in ASTM E-2018 Standard for Property Condition Assessments?. Are you familiar with ASTM E-2018 Standard for Property Condition Assessments or what ASTM stands for?.
Are you presently aware that, while many in the real estate profession often use the words 'commercial property inspection' and 'commercial building inspection' interchangeably in reference to a commercial property condition assessment (PCA), ASTM E-2018 Standard for Property Condition Assessments makes no reference whatsoever to these words anywhere in the Standard in regard to a PCA?.
Are you presently aware that, while many in the real estate profession often use the words 'commercial property inspection' and 'commercial building inspection' interchangeably in reference to a commercial property condition assessment (PCA), ASTM E-2018 Standard for Property Condition Assessments makes no reference whatsoever to these words anywhere in the Standard in regard to a PCA?.
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A reliable and reputable independent, old school commercial building inspection and consulting firm, Know-Fault Ltd. has been serving and earning the respect of real estate investors, businesses, and lending institutions alike throughout the greater Chicago metropolitan area since 1985. Given our knowledge, experience and longevity in the business of conducting commercial property condition assessments, we remain confidant and steadfast in our proven ability to continue to provide a Commercial Property Condition Assessment (PCA) that can best serve your needs helping to mitigate risk when planning to purchase or lease a commercial or industrial property.
Intended to provide a general summary of a Property's conformity/noncompliance to Title III of the American Disabilities Act (ADA) based upon an abbreviated ADA survey provided while conducting a Property Condition Assessment and is not intended to constitute a full blown ADA survey nor include measurements to verify compliance therewith.
In reference to the line chart on the right (scroll down if and when using a mobile device), the degree of uncertainty or risk associated with a commercial property real estate (RE) transaction increases/decreases based upon the level of detail or due diligence provided by a Commercial Property Condition Assessment (PCA).
Unlike residential home inspections, commercial property inspections are commonly referred to as Property Condition Assessments (PCAs). According to document ASTM E-2018 Standard Guide for Property Condition Assessments section 2.3.26, a Property Condition Assessment is defined as: 'the process by which a person or entity observes a property, interviews sources, and reviews available documentation for the purpose of developing an opinion and preparing a property condition report (PCR) of a commercial real estate's current physical condition'.
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