While FAQ 193 suggests that intangibles exist in the example provided, the conclusion does in fact resolve the issue; it states, "the subject of this appraisal is real property, not intangibles, specifically the leased fee estate
declined to isolate airspace rights from the fee estate
for purposes of
They are also experienced in flat fee Estate
Planning (including wills, trusts and powers of attorney) in addition to flat fees for, Court Attorneys.
Determining the value of the fee simple estate is also part of the scope of the assignment as the client wants to use the appraisal as a basis for negotiating the acquisition of the leased fee estate
Any time the full right of occupancy cannot be transferred with a property due to the presence of tenants, a leased fee estate
If the lease is to be included, then the property appraised would be the leased fee estate
When a property is leased and it sells, what sells is the leased fee estate
On appeal, the Alliance argued, in part, that the trial court improperly awarded the owners the state bond commission grant funds asserting that the grant money was not part of the condemned fee estate
and was available only to governmental entities.
For the reason stated above, it is virtually impossible to independently value a leased fee estate
in the sales comparison and cost approaches.
Ownership interests (customarily valued) can be the fee simple estate, leased fee estate
, leasehold estate, or a fractional interest in real estate ownership.
The bundle of rights is allocated to the lessor (public domain) and the lessee (private use), which establishes a leased fee estate
when a usage fee (lease amount) is created for the tidal lands.