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Evaluating Commercial Leases: The Tenant and the Terms Both Matter

    Date: February 21, 2019   Location: Sarasota, FL
 
  Seminar  
Category  General [Gen]  
Level  Basic/Intermediate  
Attendance Hours  7.0  
Current Price  $ 175.00 AI Price *  
$ 200.00 Full Price *  
* SAVE! early registration
 
  Instructor  
Richard L. Borges II, MAI, SRA, AI-GRS, AI-RRS  
    
 
  Location  
City  Sarasota  
State  FL  
Zip  34236  
Phone  (139) 632-503_  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Florida Gulf Coast
Website  www.gulfcoastai.org  
Contact Name  Nancy J. Bachor  
Email  info@gulfcoastai.org  
Phone  (813) 962-4003  
Fax  (813) 962-4006  
 
  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 15 days prior to program start date, $25.00 cancellation fee.
  • 7 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
  Transfer Policy
  • Up To 15 days prior to program start date, $30.00 transfer fee.
  • 7 - 14 days prior to program start date, $50.00 transfer fee.
  • Less than 7 days prior to program start date, no transfer allowed.
   
Attendance: One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements. Students should not be late or leave early. If you are late or leave early you will not receive credit.



State Certification: Students should contact their specific state to determine current education approval and requirements. Please follow the link above under locations to verify certification in your state.



Continuing Education Credit:
Appraisal Institute: 35 points
Florida Real Estate Appraisal Board Credit: 7-Hours, 0009884



Class Materials: Will be distributed at the class (unless you paid the reduced fee for the download materials).



Download Materials: If you requested a download of the class materials, please bring a printed copy with you or have it loaded on your laptop for viewing.



IMPORTANT: Bring a copy of the downloaded materials with you or have them loaded on your laptop. You cannot attend the class without materials. No additional materials will be available at the class.

ENROLLMENT CANCELLATION NOTICE All enrollment cancellations must be submitted in writing via fax 813-962-4006 or email wcoastfl@tampabay.rr.com. A confirmation of your cancellation will be e-mailed once it is processed by the Chapter office. See details regarding cancellation fees. Weather and/or Emergency Procedures for courses and seminars: In the event of bad weather or a state of emergency, call the chapter office at (813) 962-4003 for any message about the status of the class. If there is no message, the class will continue as scheduled. In the event the class needs to be cancelled due to bad weather, you will be notified of new class date.

Program materials can be downloaded by the student.

 
  Additional Information  
Class Location: Sarasota, FL - Exact location to be announced.



Schedule:
Class Hours will be 8:30 AM - 4:30 PM. You will be on your own for a one-hour lunch break.



FREAB Approval: 7 hours CE credit #0009884;


Appraisal Institute: 35 Points



Student Material: Students will receive the materials at the door. Note: If you register less than seven days prior to class, you may need to download the course materials and bring to class. If you choose the download option when you registered at the discounted price, you MUST bring the student materials with you to class. A hard copy workbook will NOT be available to you at class.



Student Rosters: Students that do not wish to have their name, address, phone number and email address published to other students in the class must notify the Chapter at least five (5) days prior to the beginning of the course.




 

 
















 
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