With net leases - Study guides, Class notes & Summaries

What is Value of Leased Property? - ️️The price at which the property could be sold at an arm's length transaction by unrelated parties. 1.) normal selling price, net volume discounts, for a lessor who manufacturer/dealer 2.) Cost, net volume discounts for a lessor that is note a manufacturer or dealer. What is a Bargain Renewal Option? - ️️a provision allowing lessee, at his option, to renew the lease for a rental sufficiently lower than the expected fair value of the property ...

Nevada National Real Estate Exam 100% Correct Amortized Loans Constant payment including principle and interest until paid off Conventional Loan No government back; private Gross Lease Fixed amount- Residential rental Net Lease Fixed plus maintenance; Triple Net = tax & insurance also Percentage Lease Fixed + % of profits ;; mall, retail spaces Ground Lease Long term land lease-- 99+ yr lead;; to build Leaseback Seller leases back after closing; model homes Assign/subl...

CLFP Exam Questions With Verified Answers Latest Update (Scored A+) Code of Hammurabi correct answer1750 BC, acknowledged leasing of Personal Property. First Record of Leasing First Example of A True Lease correct answerShip Charters. Phoenicians leased the ship and crew requiring them to assume benefits and obligations of ownership Statue of Wales correct answer1284 AD. English Common Law - to deal with leasing of personal property and clarified in 1571 to define who owned the leased prop...

CLFP Exam Questions and Answers Latest Update | Scored A+. Oldest Record of Leasing correct answer2010 B.C. in Sumerian City of Ur using Clay tablets for ag tools, land & Water rights, oxen and other animals Code of Hammurabi correct answer1750 BC, acknowledged leasing of Personal Property. First Record of Leasing First Example of A True Lease correct answerShip Charters. Phoenicians leased the ship and crew requiring them to assume benefits and obligations of ownership Statue of Wales co...

Management Plan 1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real estate supply 5. Future developments 6. Tenant demand Analysis of Alternatives Theoretical costs and potential for rent increase based on decision to: 1. Modernize 2. Rehabilitate 3. Change 4. Convert Capita...

CLFP Financial and Tax Accounting for Leases: Exam Questions With Correct Answers Latest 2024/2025 (GRADED) How did APB (Accounting Principals Board) fail? correct answerCreated Opinion #5 (Reporting of Leases in Financial Statements of Lessees) and Opinion #7 (Accounting for Leases in Financial Statements for Lessors) that ha different opinions and left lessors & lessees with conflicting rules. What was FASB 13? correct answerFinancial Accounting Standards Board issued "Accounting for Lease...

Wall Street Prep Exam Questions and Answers 2024 Do companies prefer straight-line or accelerated depreciation? For GAAP reporting purposes, companies generally prefer straight-line depreciation. That's because a company will record lower depreciation in the early years of the asset's life than if they had used accelerated depreciation. As a result, companies using straight-line depreciation will show higher net income than under accelerated depreciation. Do companies depreciate land? ...

Wall Street Prep Exam Questions and Answers 2024 Do companies prefer straight-line or accelerated depreciation? For GAAP reporting purposes, companies generally prefer straight-line depreciation. That's because a company will record lower depreciation in the early years of the asset's life than if they had used accelerated depreciation. As a result, companies using straight-line depreciation will show higher net income than under accelerated depreciation. Do companies depreciate land? ...

What is a building' most valuable asset? - ANS Tenants Fair rent calculations may apply to options to do what? - ANS Renew, expand, and periodic rental increases What will the fair market rental value generally be based on? - ANS Comparable leases of comparable space What is comparable space? - ANS The comparable space must be in a building and area comparable to the premises. (geographically, highly prominent space, age of the building, configuration of a center, type of tenan...

CLFP EXAM - Financial and Tax Accounting for Leases Latest Exam Guide 2024. What is a primary goal of the accounting profession? - Correct answer-Consistent treatment of like transactions to allow clarity in presentation and consistency in interpretation of financial statements prepared by various individuals or entities. How did APB (Accounting Principals Board) fail? - Correct answer-Created Opinion #5 (Reporting of Leases in Financial Statements of Lessees) and Opinion #7 (Accounting fo...