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In order to compare the contract rent stated in a lease with the effective or scheduled rent the property owner will actually receive an appraiser
In order to compare the contract rent stated in a lease with the effective or scheduled rent the property owner will actually receive an appraiser should account for the following: a. The amount of free rent or other concessions provided by the lessor
b. Difference between usable and rentable area cited in lease
c. The base year expense stop
d. How many years is the lease term
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