🔥🔥 Don’t Miss Out on Our End of Autumn Sale. If you have any questions, feel free to click the bottom right corner to contact our customer service..

Concat us[email protected]
Shopping Cart

No products in the cart.

🔍
ASTM-E2018:2008 Edition

ASTM-E2018:2008 Edition

$58.50

E2018-08 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process

Published By Publication Date Number of Pages
ASTM 2008 25
PDF Format Searchable Printable Preview Now
Guaranteed Safe Checkout
Categories: ,

If you have any questions, feel free to reach out to our online customer service team by clicking on the bottom right corner. We’re here to assist you 24/7.
Email:[email protected]

ASTM E2018-08

Historical Standard: Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process

ASTM E2018

Scope

1.1 Purpose—The purpose of this guide is to define good commercial and customary practice in the United States of America for conducting a baseline property condition assessment (PCA) of the improvements located on a parcel of commercial real estate by performing a walk-through survey and conducting research as outlined within this guide.

1.1.1 Physical Deficiencies—In defining good commercial and customary practice for conducting a baseline PCA, the goal is to identify and communicate physical deficiencies to a user. The term physical deficiencies means the presence of conspicuous defects or material deferred maintenance of a subject property’s material systems, components, or equipment as observed during the field observer’s walk-through survey. This definition specifically excludes deficiencies that may be remedied with routine maintenance, miscellaneous minor repairs, normal operating maintenance, etc., and excludes de minimis conditions that generally do not present material physical deficiencies of the subject property.

1.1.2 Walk-Through Survey—This guide outlines procedures for conducting a walk-through survey to identify the subject property’s physical deficiencies, and recommends various systems, components, and equipment that should be observed by the field observer and reported in the property condition report (PCR).

1.1.3 Document Reviews and Interviews—The scope of this guide includes document reviews, research, and interviews to augment the walk-through survey so as to assist the consultant’s understanding of the subject property and identification of physical deficiencies.

1.1.4 Property Condition Report—The work product resulting from completing a PCA in accordance with this guide is a Property Condition Report (PCR). The PCR incorporates the information obtained during the Walk-Through Survey, the Document Review and Interviews sections of this guide, and includes Opinions of Probable Costs for suggested remedies of the physical deficiencies identified.

1.2 Objectives—Objectives in the development of this guide are to: (1) define good commercial and customary practice for the PCA of primary commercial real estate improvements; (2) facilitate consistent and pertinent content in PCRs; (3) develop pragmatic and reasonable recommendations and expectations for site observations, document reviews and research associated with conducting PCAs and preparing PCRs; (4) establish reasonable expectations for PCRs; (5) assist in developing an industry baseline standard of care for appropriate observations and research; and (6) recommend protocols for consultants for communicating observations, opinions, and recommendations in a manner meaningful to the user.

1.3 Considerations Beyond Scope—The use of this guide is strictly limited to the scope set forth in this section. Section 11 and Appendix X1 of this guide identify, for informational purposes, certain physical conditions that may exist on the subject property, and certain activities or procedures (not an all inclusive list) that are beyond the scope of this guide but may warrant consideration by parties to a commercial real estate transaction to enhance the PCA.

1.4 Organization of This Guide—This guide consists of several sections, an Annex and two (2) Appendixes. Section 1 is the Scope. Section 2 on Terminology contains definitions of terms both unique to this guide and not unique to this guide, and acronyms. Section 3 sets out the Significance and Use of this guide, and Section 4 describes the User’s Responsibilities. Sections 5 through 10 provide guidelines for the main body of the PCR, including the scope of the Walk-Through Survey, preparation of the Opinions of Probable Costs to Remedy Physical Deficiencies, and preparation of the PCR. Section 11 provides additional information regarding out of scope considerations (see 1.3). Annex A1 provides requirements relating to specific asset types, and where applicable, such requirements are to be considered as if integral to this guide. Appendix X1 provides the user with additional PCA scope considerations, whereby a user may increase this guide’s scope of due diligence to be exercised by the consultant beyond this guide’s baseline level. Appendix X2 outlines the ADA Accessibility Survey.

1.5 Multiple Buildings—Should the subject property consist of multiple buildings, it is the intent of this guide that only a single PCR be produced by the consultant to report on all of the primary commercial real estate improvements.

1.6 Safety Concerns—This guide does not purport to address all of the safety concerns, if any, associated with the walk-through survey. It is the responsibility of the consultant using this guide to establish appropriate safety and health practices when conducting a PCA.

Keywords

ASTM; physical assessment report; property condition assessment (PCA); property condition report (PCR); Baseline property condition assessment (PCA) process; Commercial developments; Environmental control/fate; PCA (property condition assessment); Property damage/loss/assessment; Walk-through property survey

ICS Code

ICS Number Code 13.040.20 (Ambient atmospheres)

DOI: 10.1520/E2018-08

PDF Catalog

PDF Pages PDF Title
1 Scope
3 Terminology
6 Significance and Use
7 User’s Responsibilities
8 Property Condition Assessment
The Consultant
9 Document Review and Interviews
10 Walk-Through Survey
12 Opinions of Probable Costs to Remedy Physical Deficiencies
13 Property Condition Report
14 Out of Scope Considerations
15 Keywords
A1. SPECIFIC PROPERTY TYPES
A1.1 Multifamily Properties
16 A1.2 Commercial Office Buildings
A1.3 Retail Buildings
17 X1. GUIDANCE AND ENHANCED DUE DILIGENCE SERVICES
X1.1 Qualifications
X1.2 Verification of Measurements and Quantities
18 X1.3 Service Company Research
X1.4 Flood Plain Designation
X1.5 Recommended Table of Contents
19 FIG. X1.1
20 X2. AMERICANS WITH DISABILITIES ACT (ADA) ACCESSIBILITY SURVEY
X2.1 Overview of The Americans with Disabilities Act
X2.2 Overview of the Americans with Disabilities Act Ac-cessibility Guidelines (ADAAG)
X2.3 Variable Levels of Due Diligence
X2.4 Definitions of Terms Specific to Understanding the Americans with Disabilities Act
X2.5 Presentation of Opinions of Probable Costs
21 X2.6 Tier I: Visual Accessibility Survey
TABLE X2.1
22 X2.7 Tier II: Abbreviated Accessibility Survey
X2.8 Tier III: Full Accessibility Survey
TABLE X2.2
23 FIG. X2.1
24 FIG. X2.1

Related products

ASTM-E2018
$58.50