Fair Annual Lease Value definition

Fair Annual Lease Value means the most probable dollar amount a property should bring in a competitive and open market reflecting all conditions and restrictions of the specified lease agreement including term, rental adjustment and revaluation, permitted uses, use restrictions, and expense obligations; the lessee and lessor each acting prudently and knowledgeably, and assuming consummation of a lease contract as of a specified date and the passing of the leasehold from lessor to lessee under conditions whereby:
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Fair Annual Lease Value means the most probable dollar amount a property should bring in a competitive and open market reflecting all conditions and restrictions of the specified lease agreement including term, rental adjustment and revaluation, permitted uses, use restrictions, and expense obligations.
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Fair Annual Lease Value. - means the amount of rental income that a leased tract of Tribal Trust Land would most probably command in an open market or competitive market, or as determined by competitive bidding.
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Examples of Fair Annual Lease Value in a sentence

  • The Land Management Department shall determine the Fair Annual Lease Value using an appraisal or equivalent procedure performed by Land Management utilizing the following data: improvement cost, replacement cost, earning capacity, and sales and Lease data of comparable sites.

  • The Fair Annual Lease Value for a proposed Business Lease shall be determined by an appraisal performed by a licensed appraiser utilizing a commonly accepted method of appraisal.

  • The Fair Annual Lease Value shall be determined by appraisal, performed by a licensed appraiser pursuant to the Uniform Standards of ProfessionalAppraisal Practices.


More Definitions of Fair Annual Lease Value

Fair Annual Lease Value means the amount of rental income that a leased tract of land would most probably command in a competitive market reflecting all conditions and restrictions of the Lease terms, including duration, rental adjustments, use restrictions, expense obligations or other considerations that drive commercial viability of a proposed Project ordevelopment of land.
Sample 1
Fair Annual Lease Value means the most probable dollar amount a property should bring in a competitive and open market reflecting all conditions and restrictions of the
Sample 1
Fair Annual Lease Value means the most probable dollar amount a property should generate in a competitive and open market reflecting all conditions and restrictions of the specified Lease, including without limitation the term, Rent adjustment (if any) and revaluation, permitted uses, use restrictions, and expense obligations of the Lease, with the Lessee and Lessor each acting prudently and knowledgeably, and assuming consummation of a Lease as of a specified date and the passing of the leasehold from Lessor to Lessee under conditions whereby both the Lessee and Lessor are equally motivated to consummate the Lease under the particular market conditions. Fair Annual Lease Value may take into consideration all revenues (including without limitation taxes, fees and other benefits of value) which the Lease is likely to generate for the benefit of the Tribe, including without limitation increased business opportunities for related industries.
Sample 1
Fair Annual Lease Value means the most probable dollar amount land should bring in a competitive market reflecting all conditions and restrictions of the Lease terms, including duration, rental adjustments, use restrictions, expense obligations or other considerations that drive commercial viability of proposed Project or development of land where both the Lessor and Lessee are equally motivated to consummate the Lease under the particular market conditions applicable to the transaction.
Sample 1

Related to Fair Annual Lease Value

  • Adjusted Total Assets means, for any Person, the sum of:

  • Fair Market Value means, as of any date, the value of the Common Stock determined as follows:

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Asset Coverage Ratio means, with respect to a Borrower, the ratio which the Net Asset Value of the Borrower, less the value of assets subject to Liens, bears to the aggregate amount of Indebtedness of the Borrower.