Appraisers expanding their practices into the area of arbitration can expect to play one of two roles: arbitrators or expert witnesses.
They are most often engaged in arbitrations addressing rent re-sets required by ground leases, large space leases and net leases on whole properties. They can be retained as valuation experts, or they can be retained as one of or the only (sole) arbitrator.
Continue reading “Defining the Appraiser’s Role in Arbitration”