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

Date: June 29, 2020

Location: Virtual Classroom, FL

Florida Gulf Coast Chapter
Ms. Nancy J. Bachor
Virtual Classroom
Virtual Classroom
Virtual Classroom, FL 00000
Nancy J. Bachor
Vincent M. Dowling, MAI, SRA
VIRTUAL CLASS. Registration is on a first-come, first-serve basis. Class size is limited due to the virtual format. State CE Credit: This seminar is currently approved for both classroom and virtual education in Florida. Since this is a virtual class it may not be approved in every State for continuing education credit. For other states, you should determine current education approval and requirements for virtual classroom education.


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


No additional information

Additional Information


Virtual Classroom Guidelines:   Students must have a computer, webcam and microphone capability to participate and receive continuing education credit.  If you have a Lenova laptop, you must have the Lenova Vantage App installed on your computer for the webcam to operate.  The platform will be interactive and live via Zoom.  The instructor must be able to physically see and interact with all students and students must be able to see and interact with the instructor.  A copy of your driver's license must be emailed to the Chapter office as verification after you have registered for the offering prior to the start date.  You will receive a separate email from the chapter office with log-in access information.  Please contact the chapter office if you have any questions regarding the participation guidelines at

Note:  Registration is on a first-come, first-serve basis.  Class size will be limited due to the virtual format.


8 AM - 8:30 AM - Login and Roll Call

Schedule: 9 AM - 4:30 PM - There will be a half-hour break for lunch

Class Materials-Download: Please bring your download materials with you or have them loaded on your laptop ready for viewing. No additional materials will be available at the class.

Class Materials-Printed: If you opted to purchase a printed material at an additional fee when registering, they will be shipped directly to you. 

CE Credit:

Appraisal Institute - 35 points

State of Florida: 7 Hours CE #0009954

How do I access my CE Certificate After Completion?  New Attendance Verification Process 
Verified attendance certificates will be available within 15 working days by

  • Logging into My Account
  • Select EDUCATION
  • Click on the specific offering that you are seeking the certificate for; it will show REGISTERED
  • Scroll to the very bottom of the screen to (1) COMPLETE EVALUATION FORM and (2) RETRIEVE CERTIFICATE

Disclaimer Information

Attendance: One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements. Students should not be late or leave early. If you are late or leave early you will not receive credit.

  • Attendance will be monitored throughout the day
  • Students are required to scan a photo ID and send to the chapter office at
  • Students are required to be visible on the virtual platform during the entirety of the class
  • Instructors will direct questions to each student in the morning and afternoon

State Certification: Students should contact their specific state to determine current education approval and requirements. Please follow the link above under locations to verify certification in your state.  Not all states are accepting virtual education.

Attendance: One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements. Students should not be late or leave early. 

IMPORTANT: Have a copy of the downloaded materials with you or have them loaded on your laptop. You cannot attend the class without materials. To access your downloaded materials, go to your AI Account page and click on Education.

ENROLLMENT CANCELLATION NOTICE All enrollment cancellations must be submitted in writing via email A confirmation of your cancellation will be e-mailed once it is processed. See details regarding cancellation fees. Weather and/or Emergency Procedures for courses and seminars: In the event of bad weather or a state of emergency, call the chapter office at (813) 962-4003 for any message about the status of the class. If there is no message, the class will continue as scheduled. In the event the class needs to be cancelled due to bad weather, you will be notified of new class date.

Cancellation Policy

• Up To 15 days prior to program start date, $20.00 cancellation fee

• 7 - 14 days prior to program start date, $40.00 cancellation fee

• Less than 7 days prior to program start date, forfeit of payment

Cancellations/Refunds: Requests for cancellations must be received in writing at the chapter office. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Direct your email requests to:

IMPORTANT CHANGES to our registration processes have recently been implemented.

 These changes affect how you receive your education materials for this program. To be sure you are prepared for class, please review the information below BEFORE registering.

 Electronic Materials:

When you register for this program you automatically receive electronic materials to download for class at no additional charge.

Note:Some files are large and take time to download. Rather than opening a component link in a browser and then saving it to your desktop, it is recommended that you right-click on each download component and select "save target as" from the drop-down menu. Then select a location on your computer. Do NOT attempt to access the file while it is downloading. Some files are large and take time to download properly; this is dependent on your internet connection.

 Print Materials:

IF during the registration process you select the option to receive print materials (additional cost for printing and shipping that will appear in your cart), you will receive in the mail four weeks before the class begins a print copy of the handbook and other components for the class.IF you DO NOT select the option to receive print materials, but would like to have print materials for class, you will need to download and print the electronic components prior to class. Please note that there will not be print materials available at the site.

National Disclaimer

Virtual Education Exception

Please note that not all states have approved Virtual education, therefore, registrants MUST CHECK their individual states for approval BEFORE registering for the Program. Before registering for the Program, registrants understand and agree that continuing education credit for this program MAY NOT be available in their state on the date of the Program. The Appraisal Institute is not responsible if credit is not available for the Program in individual states. Please note: State exceptions for virtual education may expire PRIOR to the offering date.

State Credit

Please note that 100% attendance is required in order to receive any approved state credit or to be awarded AI CE points. It is imperative that you check with your state board for state approval information before completing registration.

Other Information

If you have a disability and require accommodation, please notify the sponsor at least two weeks in advance for reasonable accommodations to be arranged.

The Appraisal Institute reserves the rights to cancel, limit, or reschedule the program and to change instructor assignments and facility locations at any time.