So, of course, a triggering event occurs. For example, if an owner dies unexpectedly and there is no current value certificate, the surviving owners (based on the purchase-sale contract) must redeem the deceased owner`s interests, which requires a value assessment. Considering the annual assessment as a kind of insurance premium helps homeowners understand why the annual appraise is an interesting business. It provides value before the triggering event occurs and before the parties are identified as buyers or sellers. The auditor provides the valuation report and the owners have the opportunity to read it, make comments and then have the value on hand. If a triggering event occurs later in the year, value conflicts should be reduced, since the parties have already agreed on a value. It is important to keep the valuation rules for buy-sell agreements up to date, as market conditions and other factors will change from year to year. . .
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