Journal of Property Valuation and Investment: Volume 12 Issue 2

Rental Valuations with Inducements: An Update: Where Are We and Where Are We Headed

Sandy Bond

Over the past two years, the use of rental inducements has increased inresponse to a softening leasing market for office space. The methods toemploy for analysing the induced…

Lease Incentives and Effective Rents: A Decapitalization Model

Rodney L. Jefferies

Reviews recent New Zealand legal cases involving CBD office buildingleasing incentives, the efficacy of confidentiality agreements andcurrent practical valuation problems arising…

The Legal Implications of Rent‐free Periods at Rent Review

Sandi Murdoch, Neil Crosby

One of the features of the UK letting market has been the practice ofgiving new tenants a rent‐free period at the commencement of a lease.Such rent‐free periods seem to fall into…

Capital Valuation Implications of Rent‐free Periods

Neil Crosby, Sandi Murdoch

The treatment of rent‐free periods and other inducements is currently anarea of debate within the valuation profession. It has been argued thatin determining the real rental value…