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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Value Scenarios. What is Market Value As Is and When is it Used? Source: The Dictionary of Real Estate Appraisal, Sixth Edition, Appraisal Institute, Chicago, Illinois, 2015).

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Clarify What Value or Values are Needed. Source: The Dictionary of Real Estate Appraisal, Sixth Edition, Appraisal Institute, Chicago, Illinois, 2015). Prospective Values.

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Fee Simple Estate vs. Leased Fee Estate

Dart Appraisal

Therefore, the leased fee estate value is equal to the fee simple estate, but the property rights are appraised. Market value label should be leased fee estate for technical accuracy and consistency with appraisal industry standards and practice. Chicago: Appraisal Institute, 2015).

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