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Gross Living Area Discrepancies with Public Data May Differ and How They Occur

Boston Appraisal

For example, public records may not reflect any renovations or additions that have been made to the property since the records were created. In most cases, the process of obtaining the GLA requires appraisers to inspect and measure a subject property. It is also known as a secondary unit or in-law unit.

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Gross Living Area Discrepancies with Public Data May Differ and How They Occur

Boston Appraisal

For example, public records may not reflect any renovations or additions that have been made to the property since the records were created. In most cases, the process of obtaining the GLA requires appraisers to inspect and measure a subject property. It is also known as a secondary unit or in-law unit.

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How To Find & Lease Commercial Space for Rent in 2022 [Full Guide]

The Robert Weiler Company

Rent relates to a short-term agreement between the owner of the commercial property and the renter (or tenant – basically, the individual that pays a fee to use property owned by the other party). A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. Compliance with Laws.

Tenants 144
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What Do I Need to Know About Lead Paint in a Home?

Lamacchia Realty

It is federal law; the Property Transfer Lead Paint Notification must be presented before the sale of a home if it was built before 1978. If a child under the age of 6 is living in the home, it must be taken care of and in compliance with the Lead Paint Law. What is my obligation/responsibility if lead paint is found?

Buyers 74
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Eleven Types of Risk in Commercial Real Estate

Property Metrics

Similarly, leased property includes a risk that tenants will not be able to make timely lease payments as expected. Late payments can create cash flow problems for the property owner, but the situation can be worse if the tenant goes out of business and moves out of the space. Inflation Risk. Interest Rate Risk.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

In general, the full cycle of the commercial real estate appraisal process can take several days to weeks, when you factor in the inspection and subsequent investigative work. Improving your property before your commercial appraisal can increase the property’s value and attract higher-quality tenants or more buyers.

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. Compliance with Fair Housing laws, rules, and regulations. To read the letter (PDF), click here.