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

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Students should check state approvals prior to registering for any Appraisal Institute program.

To register for this program, go to the bottom of the page.



Who should enroll
  • Commercial appraisers
  • Brokers and lenders who are involved in valuation of commercial real estate
Description 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.
Objectives
  • 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.
Prerequisites
Classroom Online Synchronous


Refer to this page for details of state approval hours for this course.

  • Attended Only:

    35

  • Attended Only:

    35

  • Attended Only:

    35
7 hours
No
No
N/A
Intermediate
N/A
Classroom Requirements Online Requirements Synchronous Requirements
Seminar Materials Include:
  • Seminar Handbook (233 pp.)


Classroom Offerings

No offerings at this time

Synchronous Offerings

No offerings at this time
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