Exam (elaborations)
REE 4103 - Ch. 21 Highlights Questions with 100% correct answers | verified | latest update 2024
- Course
- Institution
REE 4103 - Ch. 21 Highlights Questions with 100% correct answers | verified | latest update 2024
[Show more]
Seller
Follow
AnswersCOM
Reviews received
Content preview
REE 4103 - Ch. 21 HighlightsA total return greater than or equal to the amount invested - ANS-A prudent investor
ultimately seeks what?
Anticipation - ANS-This idea is fundamental to the income capitalization approach.
Base Rent - ANS-the minimum rent stipulated in a lease
By analyzing existing a proposed leases that apply to the subject property - ANS-How
does an appraiser begin the income capitalization approach?
Contract rent - ANS-the actual rental income specified in a lease
Deficit rent - ANS-the amount by which market rent exceeds contract rent at the time of
the appraisal. Created by a lease favorable to the tenant and may reflect uninformed or
unusually motivated parties, inferior management, or a lease executed in a weaker
rental market
Economic rent - ANS-Market rent is also known as what?
Effective Gross Income (EGI) - ANS-The anticipated income from all operations of the
real property after an allowance is made for vacancy and collection losses and an
addition is mad for any other income
effective rent - ANS-the rental rate net of financial concessions such as periods of free
rent during the lease term and above or below market tenant improvements
Excess rent - ANS-the amount by which contract rent exceeds market rent at the time of
the appraisal. Created by a lease that is favorable to the lessor and may reflect superior
management or a lease that was negotiated in a stronger rental market
Fixed Expenses - ANS-operating expenses that generally do not vary with occupancy
and have to be paid whether the property is occupied or vacant
Flat rental lease - ANS-a leases with a specified level of rent that continues throughout
the lease term
Gross lease - ANS-tenant pays rent and landlord pays expenses
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AnswersCOM. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67163 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
Recently viewed by you
Exam (elaborations) ·
Real Estate Finance I-CHAMPIONS Exam/68 Complete Questions and Answers
