You are appraising the fee simple estate of the subject. Yo…
You are appraising the fee simple estate of the subject. You discover the sale of a leased fee estate of a comparable property. The contract rent for the comparable sale is $15,000 per year below market rental rates. There are seven more years remaining on the lease. Given a discount rate of 9%, what is the adjustment to the comparable sale for property rights conveyed?
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