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Page 1 of 3 PROPERTY CONDITION DISCLOSURE STATEMENT Approved by the Nova Scotia Real Estate Commission For Use by Industry Members Under the Nova Scotia Real Estate Trading Act For Property Located.

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A facility condition assessment (FCA) is the process of studying a particular facility to monitor its overall health and anticipate what type of maintenance work is needed in the near future to keep it performing well.

While similar in nature to PCAs, Facility Condition Assessments (FCAs) serve a different purpose. Typically prepared for owners or managers of real estate portfolios, FCAs help owners understand and maintain the physical condition and value of their assets, develop capital budgets, and prioritize resources.

A Property Condition Assessment, also known as a Property Condition Report or Commercial Building Inspection, is 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.

The key difference between a FCA and a PCA is longevity. A Property Condition Assessment is typically a one-time, static document, while a Facility Condition Assessment is a dynamic document updated and used over time. However, both assessments are ultimately of equal importance in a commercial real estate transaction.

Simply put, a FCA is a financially focused review while a PCA is a more technical condition tool. A few other services, including forensic reviews, reserve studies, construction QC checks, are also commonly confused with FCAs and PCAs, so it's essential to get them straight.

A Building Condition Assessment (BCA), also known as a Facility Condition Assessment (FCA), is a systematic inspection, review, and report on the state of a commercial building's structure and systems.

A Property Condition Assessment (or Property Condition Report), is a professional evaluation of a property's physical condition from an engineering and construction standpoint, for real estate due diligence purposes.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232