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

FULL   Date: March 29, 2019   Location: Carle Place, NY
 
  Seminar  
Category  General [Gen]  
Attendance Hours  7.0  
Current Price  $ 185.00 AI Price  
$ 195.00 Full Price  
 
  Instructor  
Robert B. Smith, MAI, AI-GRS  
    
 
  Location  
Name  Hilton Homewood Suites  
Rep  Jessica Spindell  
Address  40 Westbury Ave  
City  Carle Place  
State  NY  
Zip  11514  
Phone  (516) 880-1005  
 
Click Here to check state approvals
    
 
  Sponsor / Contact  
Chapter  Long Island
Website  www.ailongisland.org  
Contact Name  Francine L. Morgenstern  
Email  liappraise@aol.com  
Phone  (516) 248-8964  
Fax  (516) 248-0853  
 
  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 15 days prior to program start date, refund in full.
  • 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, no transfer fee.
  • 7 - 14 days prior to program start date, $25.00 transfer fee.
  • Less than 7 days prior to program start date, no transfer allowed.
   
ENROLLMENT POLICY: Your enrollment form and payment by check or online registration must be received by the chapter office at least 10 business days prior to the start of each course to avoid a late charge. No registrations will be accepted 7 days before the start of the course unless there is a cancellation. We cannot accept walk-in students. Enrollment is limited, register promptly. Note: (1) Full (100%) attendance is required for continuing education credit. (2) The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance requirement are met. If Appraisal Institute attendance records indicate less than attendance requirements met, your certificate will reflect this and state agencies may refuse to award credit. (3) If you have a disability and may require some accommodation, please notify us in writing at least two weeks in advance and we will arrange for reasonable accommodation. (4) CONFIRMATION LETTER: If you have enrolled ON-LINE, you automatically receive a confirmation when your credit card is used. For checks, confirmation will be mailed 7 days prior. (5) Program materials will be distributed at the class. (6) The Local Chapter reserves the right to cancel or reschedule any program if a minimum enrollment is not met, and to change faculty assignments if necessary.

CANCELLATION POLICY: Cancellation fee of $50 if cancelled 7-14 days prior to program start date. No refund for cancellations within 7 business days. All cancellations must be received in writing.

Information: LIAI@ailongisland.org or (516) 248-8964


Program materials can be downloaded by the student.
 
  Additional Information  
Instructor: ROBERT B. SMITH, MAI, AI-RGRS Vice President & Chief Appraiser, Apple Bank
Registration Fee: $ 185.00 AI Price / $ 195.00 Full Price

Location: HILTON HOMEWOOD SUITES, 40 Westbury Ave, Carle Place, NY 11514
Registration: 8:00 a.m. – 8:30 a.m.
Seminar: 8:30 a.m. – 4:30 p.m.
Required
An HP-19BII, HP-17BII, HP-12C, or equivalent calculator
CE Credit: APPROVED for 7.0 Hours real estate appraiser continuing education credit for the Appraisal Institute and New York State. 100% attendance is required.


  New York State  

  Travel Directions  

 

 
















 
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