leased fee

leased fee

The name given to the landlord's rights in real estate after the landlord signs a lease with a tenant.It consists of the right to receive rental payments and the right to retake possession of the premises at the end of the lease term—the reversionary right.

References in periodicals archive ?
disregarded the provisions of the statutes for determining the valuation of the property." Specifically, Walgreen argued that the trial court improperly valued the leased fee interest, rather than the fee simple interest, and used too narrow a highest and best use for the property given its pharmacy nature.
In addition, three loans in the pool (10.2%) are secured by leased fee properties located in New York City and Portland, OR.
The purpose of Ihc appraisal is lo estimate the Market Value "As Is" of the leased fee interest in Slip I (Parcel 5A), having a street address of Resort Drive.
SL Green agreed to sell the leased fee interest for the building, located in 885 Third Avenue, for a gross sale price of $453 million.
A USD120m debt, backed by leased fee interest in the Dream Hotel Downtown at 346 W.
Lessor's appraiser considered the terms of lease and estimated the value of the leased fee interest in the property at $6,880,000.
Cushman & Wakefield represented L&L Holding Company and BlackRock in the $145 million sale of the leased fee at 635 Madison Avenue.
The appraiser used a leased fee analysis to value the subject property.
In valuing the fee interest of property subject to a long-term, build-to-suit lease, an appraiser properly considered the value of the leased fee, according to the New York Supreme Court, Appellate Division.
"The availability of this financing structure provides owners of leased fee estates a tremendous opportunity to leverage their fee positions and create substantial liquidity," said Michaels.
Even if the lease is at market rent, the fee does not necessarily equal the leased fee.
Leased fee sales data should include percent leased at time of sale (which can be different from percent occupied), a general understanding of prior leased occupancy history, meaningful remaining lease terms at time of sale, general escalations for remaining lease terms, and presence or absence of shadow anchors in addition to the rent information.