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Income Sources

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runner52

Sophomore Member
Joined
Mar 15, 2010
Professional Status
Certified General Appraiser
State
Washington
I am appraising a small retail complex. In the owner's operating statement, there is additional rent categories including Prepaid Rent and Rental Concessions. Should I include these into the gross potential income in the Income Capitalization Approach? Rent Concessions were given to two tenants upon move in in 2016 but will likely not be seen again for a long time given 5 and 10 year lease terms.
 
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