As long as the syndicate had an appraisal of the building done by a certified member of the OEAQ in the four years preceding April 15th 2020, the appraisal is valid. However, they will need to have a new evaluation done five years after that date. For example, if the appraisal was made on June 2nd, 2019, a new appraisal would have to be done no later than June 2nd, 2024.