PROCESS

The purpose of an appraisal report is to set forth an investigation and perform an analysis on a subject property, ultimately leading to the opinion of its market value.

Fee Simple Estate refers to an absolute ownership unencumbered by any other interest or estate, subject only to the lmitations imposed by the governmental powers of taxation, eminent domain, police power and escheat.

Leased Fee Estate refers to an ownership interest held by a landlord with specific rights that include the right of use and occupancy conveyed by leases to others. The rights of lessor and lessee are specified by contract term contained within the lease.