Course Description
The Lease is the legal document that defines the responsibilities of the property owner and the tenant. Property managers are responsible for enforcing leases and primarily look at a lease in that context. Join us as Tom McAndrews, CPM®, examines the economics of a lease and how the lease can affect property value.
A property’s leases determine the property’s value. We will look at the different types of leases, rent structure, expense pass throughs and how these can affect property value. Finally, Tom will demonstrate discounted cash flow analysis to determine how concessions affect effective rent and thus property value.
Learning objectives:
- Common Lease Types
- Categories of Rent
- Expense Pass Throughs
- Effective Rent Calculation using DCF Analysis
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