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T 8. The value of the lessee's interest in real property can be measured by capitalizing the difference between the contract and market rents. 9.

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T 8. The value of the lessee's interest in real property can be measured by capitalizing the difference between the contract and market rents. 9. A gross lease requires the tenant to pay all operating expenses. F 10. The benefits that belong to the leased fee interest include the lease income and the rights to the reversion. 11. In mortgaged property, the market value of the lender's real property ownership interest can be less than the remaining balance on the loan. F 12. Eminent domain appraisals involve essentially the same general purpose as other appraisals; the estimate of market value. T

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