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Lease values

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Jeff Horton

Thread Starter
Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Alabama
I need a quick refresher here. Friend of mine asked me to take a job to appraise some acreage, undeveloped land so pretty straight forward job. However there is a small section of the land involved in a 99 year lease. It brings in approximately $1300 anually and there is something like 80 years left on the lease. I don't know any more details.

Some where in my book case is info on lease fee and valuing income streams. However I dont have time to dig in and find it right now. Have a job I need to get out and I need to give her an answer in the morning. Could someone give me a brief reminder of what is is involved so I can decide if I want to take the job and how to price it.

Actually I want to do it, just got to re-educate myself on how to do this. I love doing something different and don't get that many chances too.
 
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