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Appraisal of Manufactured Homes Featuring Next Generation Manufactured Homes
How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value Education Schedule (PDF)

Education Catalog (PDF)
Some AI educational programs may not be approved in every state.
Students should check state approvals prior to registering for any Appraisal Institute program.

ClassroomOn-Demand Online EducationLive Online (Synchronous)

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 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:
• Recognize how the terms of a tenant’s lease impact value—either positively or negatively.
• Identify situations that require a valuation of a leasehold.
• Identify methodologies in valuing a leasehold, including examples and exercises.
• Recognize the impact of a leasehold in the valuation of property using all applicable approaches.
• Identify challenges facing appraisers performing leasehold valuation assignments.

Program Overview
• Table of Contents & Overview (PDF)
• Schedule (PDF)

Recommended Text
• The Appraisal of Real Estate, 14th ed.
• The Dictionary of Real Estate Appraisal, 6th ed.


Ordering Information
To order books and other materials go to
our store

Please contact the sponsoring chapter for information on fees applicable to chapter programs.

HP-12C calculator, or other financial calculator. Note that keystrokes will be shown using HP-12C.

AI CE Credit for Designated Members and Practicing Affiliates
Attend Only = 35 points

Who Should Enroll
Commercial appraisers; brokers and lenders who are involved in valuation of commercial real estate.

Recommended Courses
Basic Appraisal Principles
Basic Appraisal Procedures


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Class Schedule & Location

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