Valuer R  NZVRB 3
On 20 September 2013, Valuer R completed a valuation report for the complainant Partnership for mortgage security purposes. The report relates to a central city commercial property. The Property was owned by the Partnership and leased to Company 1. In March 2014, Company 2 was engaged by the Partnership to undertake a market rental valuation. The valuation report was provided on 14 March 2014. On 25 March 2014, Valuer R was instructed by Company 1 to prepare a rental assessment following receipt of a proposed rent increase based on Company 2’s report. Valuer R produced a valuation report effective as at 1 April 2014 for rental assessment purposes.