Description
400 Level Estate Management And Valuation Department exam questions and detailed answers. Download the answers in document format. Correct, detailed, and straightforward answers.
Questions:
a) Identify five defects of traditional investment valuation.
b) Name four alternative methods proposed to resolve the problem with staged leasehold valuation.
c) Use any of the methods in (b) above to ascertain the value of an 8-year unexpired lease term producing a profit rent of N200,000 for the first 5 years but increasing by half as much again for the residue of the term, given a rack freehold yield of 6% (ignore tax and variation in capitalization rate).
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