Chapter Seminars

Upcoming TAAD-IAAO Chapter Seminars


◆ LEASED FEE VS. FEE SIMPLE

Registration Form

Please make checks payable to TAAD-IAAO Chapter (credit cards not accepted for this event)


  • When: Friday, October 22, 2021
  • Location: Harris CAD headquarters, 6th floor
  • Hours: 9a-12:30p
  • CEs: 3.5 hours
  • Primary Instructor: Josh Wood, MAI, JD, AI-GRS, Valbridge Property Advisors
  • Registration deadline: October 8, 2021
  • Registration Cost:
    • TAAD-IAAO Chapter member $50
    • TAAD member district (not chapter member) $75
    • TAAD associate/affiliate member $75
    • Nonmember $100

This 3.5 hour workshop is designed to help participants understand important areas:

Fee Simple
• Ambiguity: Appraisal Institute definition v. legal definition
• What is an encumbrance?
• What is a lease?

Alternative to fee simple: Leased Fee
• Legal definition (Duration, alternative to fee simple: leasehold)
• TARE 15th ed. on the two definitions
• Different purposes of the two definitions (Appraisal Institute: identify
how above / below market rent might impact value; Legal: identify the value of a permanent interest)

Leasehold
• What is a lease? (revisited)
• Real property or personal property?

Applications
• Fee simple in condemnation in the unit rule
• Fee simple absolute v. defeasible fee
• Intangibles