Quoting The Appraisal of Real Estate, fourteenth edition (page 72), the court noted, "A leased fee appraisal report values the 'ownership interest held by the lessor, which includes the right to the contract rent
specified in the lease plus the reversionary right when the lease expires.
and rental period (monthly, bimonthly, weekly, or for a specified number of days);
CWCapital also said all tenants who lived in their apartments before the Appellate Division decision on "Roberts" was made, in March 2009, and any tenant who signed a market rate lease during the escrow period will be offered the lesser of modified legal rent or their original contract rent
with all applicable Rent Guidelines Board increases.
The economic rent is the contract rent
(including the value of certain rent reductions) adjusted by the value of any changes in the services the landlord provides.
The house in question has a monthly contract rent
of $2,057, which is within the HUD allowable rent for a four-bedroom house of $2,256, Jackson wrote.
A tenant that had signed up to a long-term lease with ratchet clauses for the complete term in the late 1980s, was left with space worth half its contract rent
when it downsized.
Chart 7 displays median contract rent
data from the 1999 HVS.
The borrower indicated that the property has severely reduced cash flow due to existing tenants not paying their contract rent
and an increase in physical vacancy.
For example, Comparable 1 has contract rent
The service will help/enable CORE staff by providing review of RCS s submitted as a result of HUD Section 8 Contract Rent
The basic distinction is that a fee-simple appraisal considers parameters such as market rent, while a leased-fee appraisal focuses on the actual or contract rent
of the property.
For example, if the landlord provides electricity, it is considered part of the contract rent