How to Handle the Weird Stuff: Appraisal Methods from an Experienced Florida Appraiser
McKissock
SEPTEMBER 1, 2020
Example: Land lease. In a large development of approximately 300 houses, four of them were on a 99-year land lease with 55 years remaining. Reason was it was the last portion of the block of land, and the owner wouldn’t sell, but did agree to the land lease. Depreciated cost.
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