Terms in the valuation property

Terms in the valuation property  in the blog and here   ,   one a gain here  
 
For the purpose of consistency, clarity and better communication, Property Valuation obliged to use the definitions and terms related with assessment. 
In the case of the Property Valuation and definition of terms that are not defined in these regulations, the compulsory use the term refers to the principles and the assessment of the property and apply common definitions and other terms are required to disclose clearly in the letter and Property Assessment Report. 
Definitions and terms referred to, among others: 
• Density figures Plant (Harvest Density figures) figures show the comparison between the number of trees harvested with the total number of trees from a certain area. 
• emplacement area is the area over which there are buildings and grounds or. 
• The area planted acreage is already processed (land clearing) and planted with commodities, which have produced or not produced. 
• Other area is the area other than the railway yard and garden area, the area has not been processed form, swamps, sandstone, ravine or other land that can not be used for plantation. 
• Asset plants are plants that are cultivated commercially in a certain area and managed based on the applicable technical cultivation in a public place. 
• Asset plant is a non-facilities and infrastructure and other facilities that are not part of a unity irrespective of plantation property. Facilities and infrastructure covering the earth or land, buildings and facilities complement. Supporting facilities include machinery, equipment and support activities of the plant. Other facilities including furniture and office equipment as well as housing and vehicles. 
• The assumption is that something will happen considered, including facts, conditions or circumstances that may affect the assessment object, or the approach to the assessment, based on the agreement, by a need to be verified Valuation of Business as part of the assessment process. 
• Assumption is a special assumption that: require an assessment on the facts in different materials with the facts in the assessment period; estimated can not be met by prospective buyers because of market conditions that exist. 
• New replacement cost is estimated costs to create a new property, which is equivalent to the property assessed, based on the market price on the local assessment. 
• New Reproductive Cost is estimated costs to reproduce a new property the same or identical with the property assessed, based on the market price on the local assessment. 
• Backup is the deposition of mining minerals which have been known to the size, shape, of the quality and quantity and in economic, technical, legal, environmental and social mining can be done at the time of calculation. 
• Reserve the remaining (reserve remaining) is a mineral reserves on the mining ended. 
• Basic Rating is an explanation or definitions, the type of values that are being examined, based on certain criteria. 
• recycling plant is the time period required for a plant since the start of the planting until the age of Cutting. 
• Forest is a natural field, trees natural alliance as a whole is a natural biological life and its natural environment. 
• Forest is a forest plant that was built in order to increase the potential for forest production and quality by implementing intensive silviculture. 
• Inspection of the visits and research with the goal to get information on the object assessment before issuing the opinion of the professional assessment of the value of the object. 
• Property Assessment Report is written report made by the Property Valuation to provide information about the process and results of the assessment. 
• assessment method is a way or a series of specific ways to make an assessment. 
• Market value in these regulations is the approximate amount of money on the date of assessment, which can be obtained from the transaction to buy or sell an item exchange the results of the assessment, between buyers and sellers interested in buying that intend to sell, in a transaction free of ties, the bid is done feasible , Where both parties know each object uses of the assessment, the act prudently and without compulsion. Included in the definition of Market Value is the fair value is a number that is used to measure assets that can be exchanged through a transaction that fair, arm's length transaction, involving the parties and intend to have adequate knowledge. Value in use is for value of certain properties that are part of the agency business without considering the highest and best use of the property or the amount of money that can be obtained on the sale. Liquidation value is the estimated amount of money that will be calculated can be obtained from a property sale and purchase transactions / facilities to stop, in a limited time when the seller forced to sell and buyers are not forced to buy, with the assumption that all property / facilities will be sold for the whole be back in accordance with their use. 
• assessment approach is a way to estimate the value of using one or more methods of assessment. 
• The cost approach is the approach for the assessment of the value of the item to get indications based on the assessment of the cost of reproduction new or replacement, which was issued on the date of assessment after the depreciation based on the physical condition of the existing inspection in the field (observed Condition) and the reduction in value because of functional obsolescence ( functional obsolescence) and economic obsolescence (economic obsolescence), and add the value of the land. 
• Market Data comparison approach is the approach to the assessment item assessment of the use of data on sales of comparable properties and similar items with a value of the assessment is based on a comparison process. 
• Revenue approach is the approach assessment items that assessment is based on net income annually, which can be generated by the assessment object, then dikapitalisasikan with a certain level of capitalization to get market value assessment of the object. 
• Valuation of Valuation, which is: has issued an assessment report or have received the assignment to conduct the assessment, but not yet completed an assessment report and resign, or have been told that the assignment has been terminated. 
• Valuation Valuation is a replacement that will accept the assignment to conduct an assessment on the same object, with the votes by the Valuation predecessor. 
• Period of the plant has not been (TBM) is the difference between the age of the plant to the age of the plant or economically productive. 
• Depreciation is the loss of the value of the object assessment for various reasons or because of the difference between the cost of reproduction new or replacement, with the market value. Depreciation is also often refers to the loss of benefits utilities. depreciation can be a diminution or physical damage, functional obsolescence, or economic obsolescence. 
• Personal property includes property, machinery and equipment used for more than one period, among others: the production or provide goods or services; rented to other parties; or administrative goals. 
• Property plantation is the earth in the cultivated land in a certain area, with one or more of a commodity crops that are cultivated, facilities and infrastructure and other supporting facilities. 
• Special Property (Specialized Property) or Property With Special Purpose (Special Purpose Property) or the Property Designed Special (Special Design Property) is a property that has the characteristics of a specific building, the benefits that have limited the use or user-specific, and not sold in the open market or do not have the data market, except as part of an overall business sales. 
• Real property ownership is above the legal interest inherent in real estate or the legal control of the legal relationship of the real estate land, which includes all land rights (legal relationship with certain areas of land), all the interest (interest), and the benefits (the benefit) related with the ownership of real estate. 
• Riap plant growth is the average time of unity plant 
• Standard Investment Plant (Sit) is the cost of investment every year from the opening stage of land (land clearing), seedlings, planting (can occur in the same year or not), maintenance of the plant to produce, which is calculated with the concept of value that will come (future value) with the discount rate (discount rate) certain. 
• Study the feasibility of mine (Mine feasibility study) is about the aspects of technical and economic prospects of a mining project and is the basis for investment decisions. 
• Subsequent events are events that can affect the value of the likely occur after the date of assessment to date of the assessment report, including conditions that are not indicative known or can be known on the date of assessment. 
• Annual Crops (Perennial Planting). Crop growth cycle that has more than one year or one cycle of cultivation. 
• Other Experts are people who have the skills and qualifications in a certain field outside the scope of activities and assessments are not working in the Office of Valuation of Public Services. Other Experts referred to in this regulation is the experts who have expertise and special permission from the authorities, such as geological expert. 
• Technical extraction technique is to get to the final value by reducing the value obtained with the method of approach, the cost of the value obtained with the method of income approach. 
• Discount rate is a rate to convert the results of nominal value in the future to value now. 
• The level of capitalization is the number of dealer (usually in the form of percentile), which is used to convert income into value. 
• vacancy rate is a factor that is used to reduce the potential gross income that reflects the effective gross income. 
• Age is the period Crop plants can be cultivated from the start until the end of the productive period. 
• Age productive plants or economic age is the age of plant crops, which is calculated from the plant produces up to the end of the productive plants. Age economically productive age or plants can be called the period of the plants