leased fee

For those who read the Appraisal Journal, they may have noticed an improvement in the quality of its articles. The Volume 93, Issue 1, 2025 article titled “The Tenant Is Not the Property” is worth reading. I can sense that they utilized AI to enhance the writing. I can recognize when it’s been...

Hello everyone, interesting assignment for a commercial property in a major city. The assignment is to appraise the leased fee position: major restaurant tenant with 20 years remaining on the lease at a rate well below market. In looking at HBU, the site is not developed to its maximum FAR and...