What is the difference between a Market Rent “service” and Market Rent “add-on”?

Submitted by witadmin on

A Market Rent “service” is a standalone multi-page appraisal report that estimates the market rent of a property. The Market Rent add-on is a one-page addendum to a Full Appraisal service. The Market Rent add-on cannot be ordered by itself as it would not be compliant with CUSPAP (see what is CUSPAP for further explanation). For these reasons the Market Rent “service” costs more than the Market Rent “add-on”.