- Customer Type
- Title Insurance & Settlement Solutions
- Mortgage Services
- Products and Services
- Stewart Companies
The Millennium Challenge Corporation and the Government of Lesotho awarded Land Equity International (LEI) a contract to integrate cadastral maps and land records, strengthen the institutional and human capacity of land administration, and improve land valuation for purposes of ground lease administration. LEI issued a sub-contract to Stewart for the design of a Formula Valuation System (FVS) to value properties and estimate potential ground rent revenue. Stewart’s Senior Project Manager, completed the two-month assignment, including reviewing the current valuation methods, collecting data on nearly 500 commercial and residential properties, building a fiscal cadastre with the property data, working with local appraisers to design a valuation model, testing the model against the pilot fiscal cadastre, and using the FVS to estimate potential ground rent. Stewart also prepared a plan for full implementation of the FVS.