What does an "expulsion notice" indicate in the context of property appraisal?

An expulsion notice serves as a formal notification to a tenant, indicating that they must vacate the property. This notice typically arises from a landlord's decision to remove a tenant, often due to lease violations, non-payment of rent, or other specific breaches of the rental agreement. In the context of property appraisal, understanding the implications of an expulsion notice is important because it can affect the property’s marketability and value. Properties with ongoing eviction actions may be perceived as less desirable by potential buyers or appraisers, as they can signal instability in rental income and property management issues. Therefore, an expulsion notice plays a significant role in assessing both the current state and future prospects of a property, as it indicates the potential for vacancy and challenges in leasing the space.