Legal Disclaimer

Nature of This Software Tool

CRE VIPER Appeals is a software application developed by a professional holding the MAI designation (Member, Appraisal Institute). The software uses income capitalization methodology commonly employed in commercial real estate evaluation to provide preliminary, informational estimates for screening purposes only.

This tool is designed to help property owners and tax professionals identify properties that may warrant further investigation or formal appraisal. It is not a substitute for a formal appraisal conducted by a licensed appraiser.

No Professional Services Relationship

Use of this software does NOT create any professional services relationship, including but not limited to:

• Appraiser-client relationship
• Consultant-client relationship
• Attorney-client relationship
• Tax advisor-client relationship

Methodology

This software employs the income capitalization approach, a widely recognized real estate valuation methodology taught by the Appraisal Institute and other professional organizations. The methodology is based on:

• Market rental rates for comparable properties
• Typical vacancy and collection loss rates
• Operating expense estimates
• Capitalization rates derived from market data

The calculations are automated and do not involve property-specific inspection, verification, or professional judgment that would be required for a formal appraisal.

Limitations and Restrictions

• Results are preliminary estimates for informational purposes only
• Evaluation is based on user-provided inputs and generalized market data
• No physical inspection of the subject property is conducted
• No verification of user-provided data is performed
• Results should not be relied upon for legal, financial, or tax purposes without professional consultation
• Market data may not reflect current conditions or property-specific circumstances

Market Data Sources

This software incorporates CMBS (Commercial Mortgage-Backed Securities) distress data and market evidence from various industry sources. This data is provided for informational context only and:

• May not reflect the most current market conditions
• Represents national or regional averages that may not apply to specific properties
• Should not be used as the sole basis for any financial or legal decisions
• Is subject to change without notice as market conditions evolve

Recommendation for Professional Services

Users should consult with qualified professionals before taking action based on results from this software, including:

• Licensed real estate appraisers (preferably with MAI designation) for formal property valuations
• Property tax consultants for evaluation of assessment appeals
• Real estate attorneys for legal advice regarding property tax matters
• Tax professionals for tax-related guidance

No Warranty or Guarantee

This software is provided "AS IS" without warranty of any kind, express or implied. We make no representations or warranties regarding the accuracy, reliability, or completeness of any information, data, or results provided by this tool. Use of this software is at your own risk.

Limitation of Liability

To the maximum extent permitted by law, CRE VIPER and its developers shall not be liable for any damages arising from use of this software, including but not limited to direct, indirect, incidental, consequential, or punitive damages, even if advised of the possibility of such damages.

Geographic Scope

This tool is designed specifically for commercial properties located in Michigan and uses Michigan-specific market data and tax assessment practices. Results may not be applicable to properties in other jurisdictions.

Changes to This Disclaimer

We reserve the right to modify this disclaimer at any time. Continued use of this software after changes constitutes acceptance of the modified disclaimer.