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Evaluating Commercial Leases: The Tenant and the Terms Both Matter

    Date: October 5, 2018   Location: Rockville, MD
 
  Seminar  
Category  General [Gen]  
Level  Basic/Intermediate  
Attendance Hours  7.0  
Current Price  $ 175.00 AI Price  
$ 205.00 Full Price  
Note
Please register early  
After Sep 29, 2018
$ 25.00  
 Late Fee
 
  Instructor  
Vincent M. Dowling, MAI, SRA  
    
 
  Location  
Name  Greater Capital Area Association of REALTORS®  
Rep  Carol Blattau  
Address  15201 Diamondback Drive, Suite 100  
City  Rockville  
State  MD  
Zip  20850  
Phone  (301) 590-8787  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Washington DC Metropolitan Area
Website  www.appraisalinstitutedc.org  
Contact Name  Peter Houstle  
Email  phoustle@marinermanagement.com  
Phone  (301) 924-1020  
Fax  (301) 238-4579  
 
  Description  

New Seminar!

This 7-hour seminar introduces participants to how the terms of a lease and the risk profile of the tenant influence the valuation of commercial real estate. Participants will see how the business features of commercial leases affect the quantity and the duration of the income stream that a property will generate and the development of the property’s income statement. Non-traditional sources of income, the proper period to use in measuring the income, measuring the real vacancy rate, expenses that might not be recoverable by a landlord if a CAM formula is incorrect, and how other special clauses in a lease can all affect the property’s income stream will be examined. The second part of the seminar discusses tenant credit risk issues and explains why understanding a tenant’s financial strength is key to assessing the quality of the income stream.

 
  Equipment  
HP-12C calculator
 
  For Further Reading  
  Appraisers in Arbitration   
  Valuation of Office Properties  
  The Appraisal of Real Estate, 14th ed.  
  The Dictionary of Real Estate Appraisal, 6th Edition   
 
  Disclaimer  
Cancellation Policy
  • Up To 14 days prior to program start date, refund in full.
  • 5 - 13 days prior to program start date, $50.00 cancellation fee.
  • Less than 5 days prior to program start date, forfeit of payment.
  Transfer Policy
  • Up To 14 days prior to program start date, no transfer fee.
  • 5 - 13 days prior to program start date, $25.00 transfer fee.
  • Less than 5 days prior to program start date, no transfer allowed.
  Program Material Policy

Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.
  • Cancel Offering, $25.00 material fee.


Program materials can be downloaded by the student or can be shipped directly to the student. If you choose to have the material shipped and do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
 
  Additional Information  
Class will be held at the Greater Capital Area Association of Realtors office in Rockville, MD.

Schedule:
Registration begins at 8:00am. Seminar is from 8:30am-5pm with a one hour lunch (on your own).

Greater Capital Area Association of Realtors
15201 Diamondback Drive
Rockville, MD 20850
301.590.2000

  Directions  

 

 
















 
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