Which of the following is NOT true of leased fee estates?

Multiple Choice

Leased fee estates are properties that can be leased at approximately current market rents.

Leased fee estates can result in very different cash flows compared to fee simple estates.

When valuing properties and selecting comparable properties from recent sales, it is important to investigate whether the properties ar

leased fee estates.

Leased fee estates are properties with existing leases in place that have below $($or above$)$ market rents.