A different agency came to value the property we are renting?

My real estate agency sent this other agency an email to come and value the townhouse DP and I currently live in as requested by the landlord.

I kinda freaked out. I've been living here for 2 years and haven't ever thought of moving.

What are some of the reasons my landlord would want his property valued? Just to get up to date with the market value? Insurance? Another loan?

Crossing my fingers he doesn't want to sell and we will have to relocate... I love the little place! But if we have to move, we have to move :doh:

To draw equity from if they want to borrow against your house to buy another house.

At least that's the best case scenario :)

This happened with us too, and it turned out that the owners are selling :) I hope it's a different story for you.