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How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value

    Date: March 25, 2019   Location: Rockville, MD
 
  Seminar  
Category  General [Gen]  
Level  Intermediate  
Attendance Hours  7.0  
Current Price  $ 175.00 AI Price  
$ 200.00 Full Price  
Note
Please register early  
After Mar 20, 2019
$ 20.00 AI Late Fee Price
$ 25.00 Full Price  
 
  Instructor  
Mark V. Smeltzer, MAI, SRA, AI-RRS  
    
 
  Location  
Name  GCAAR  
Address  15201 Diamondback Drive  
City  Rockville  
State  MD  
Zip  20850  
Phone  (301) 590-2000  
 
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
Now Available!

If you’re involved in the valuation of commercial real estate, it’s crucial to know how the terms of a lease affect value. This NEW seminar goes beyond methodology to explore how to measure a property rights adjustment, the theory underlying the use of a leasehold yield rate (YLH) to value the leasehold, as well as the application of a property rights adjustment in all three approaches to value.

Topics include:
• How the terms of a tenant’s lease impact value—either positively or negatively
• Situations that require a valuation of a leasehold
• Methodologies in valuing a leasehold, including examples and exercises
• The impact of a leasehold in the valuation of property using all applicable approaches
• Challenges facing appraisers performing leasehold valuation assignments

 
  Equipment  
HP-12C calculator, or other financial calculator. Note that keystrokes will be shown using HP-12C.
 
  For Further Reading  
  The Appraisal of Real Estate, 14th ed.  
  The Dictionary of Real Estate Appraisal, 6th ed.   
 
  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  
Location:
Greater Capital Area Association of Realtors
15201 Diamondback Drive
Rockville, MD 20850
301.590.2000

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


  Directions  

 

 
















 
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