Appraisal Form for Value of Lease and Sublease

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Value of Lease and Sublease. _________, being duly sworn, deposes and says: 1. I am a real estate broker and have been a real estate broker in the city of _________ for the past _________ years. 2. I am familiar with the value of real property and leaseholds within the city of _________ and within the vicinity of _________ street, in the city of _________. 3. I have examined the property previously mentioned, which consists of a _________ story building, which is at least _________ years old and which building is _________[condition of building, e.g., outmoded]. The entire neighborhood consists of similar buildings which are used primarily as _________[e.g., manufacturing lofts]. 4. I have appraised the lease between _________ and _________ covering the previously mentioned premises for a period of _________ years from the _________ day of _________, _________[date], to the _________ day of _________, _________[date], with respect to the unexpired portion of the lease from _________, _________[date], and I have similarly appraised the sublease of the previously mentioned premises from _________ to _________. The sublease from _________ to _________ is for a period of _________ years from the _________ day of _________, _________[date], and the unexpired portion of the lease consists of the period from _________, _________[date], to the _________ day of _________, _________[date]. 5. The true and correct value of the lease and sublease is the sum of _________ dollars based upon a rental valuation of _________ dollars per year for the period from _________, _________[date], to _________, _________[date]. 6. The remainder of the primary lease between _________ and _________ from _________, _________[date], to _________, _________[date], has a value of _________ dollars [has no present value, as it is doubtful whether the premises can be let for the sum of _________ dollars per year, which is the amount that _________ is required to pay under the lease].

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