Calendar
When:
May 23, 2019 @ 8:00 am – 4:30 pm
2019-05-23T08:00:00-08:00
2019-05-23T16:30:00-08:00
Where:
Coast International Inn
3450 Aviation Ave. Anchorage
AK 99502
Cost:
$200-$250
Contact:
Michelle Wade
206-622-8425
Email
Event website
Course

Register

How Tenant Create or Destroy Value; Leasehold Value & Impact on Value

Instructor: Mark Smeltzer, SRA

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 NEW 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 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
• Challenges facing appraisers performing leasehold valuation assignments

 

PLEASE NOTE: Student materials for this course can be downloaded (save $15!) or picked up on site. Direct ship will not be available for this offering.

Download Your Materials and Save!

When registering, select “Download” from the Material Deliver dropdown. You will receive a link to the materials in your confirmation e-mail then can print materials or bring on your laptop as you choose. You’ll also have access to these materials in the AI Knowledge center for 1 year from the date of registration. Be sure to bring your materials to class – extras will not be available.

Education Credits

Full attendance of this course: 7 hrs CE

Attendance Requirements

100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60 minute segment. A 10-minute break per hour is allowed and a student would still meet the 100% attendance requirement. Students should not be late or leave early; if they are late or leave early, they will not receive credit.

Cancellation Policy

  • Up to 15 days prior to program start date, $50 cancellation fee.
  • 2-14 days prior to program start date, $75 cancellation fee.
  • Less than 2 days prior to program start date, forfeit of payment unless a student replacement is provided.

NOTE: If you have a disability and require accommodation, please notify the Appraisal Institute’s Seattle Chapter in writing at least two weeks in advance and we will arrange for reasonable accommodations. We reserve the right to cancel, limit, or reschedule the course and change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.

Location
Coast International Inn

3450 Aviation Ave
Anchorage, AK 99502

Schedule
Registration: 8:00 AM – 8:30 AM
Class: 8:30 AM – 4:30 PM

LUNCH IS NOW INCLUDED.

Register

Register HERE

If you need to pay by check or are a government employee and will need an invoice or other considerations, contact the chapter office at (206) 622-8425.

Tuition

$200.00 Appraisal Institute Member
$250.00 Non-member
Download your student materials and save!

Ordering Information
To order books and other materials go to
our store

Required
HP-12C calculator, or other financial calculator. Note that keystrokes will be shown using HP-12C.