Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Property Condition Assessment Report

An evaluation of a commercial real estate asset based on a thorough inspection, including all improvements and all the systems of each building on the property; purpose of which is to observe and report on the physical condition of the subject property and to provide professional recommendations regarding future issues including financial risk or liability to the client.

Source: NCREIF | Date: 09 September 2025 | ID: D1374 | Version: 1