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Form #826

Value of Lease and Sublease

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Value of Lease and Sublease - Free Legal Form

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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].



 
Contributed by
Regal International Capital
 
Name of Firm Regal International Capital
Total Forms Contributed 48
 

See All Regal International Capital's Forms
 

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Terms Of Use

Submissions to this site, including any legal or business forms, posts, responses to questions or other communications by contributors are not intended as and should not be construed as legal advice. You are strongly encouraged to consult competent legal council before engaging in any action based upon content contained on this site.

These downloadable forms are only for personal use. Retransmission, redistribution, or any other commercial use is prohibited. This includes reposting forms from this site to another site offering free legal or other document forms for download.

Please note that the donator may have included different usage terms regarding this form, and you agree to abide by these terms. It is highly recommended that you have a licensed attorney review any legal documents for which you are searching in order to make sure that your needs are being properly and completely satisfied.

Your use of this site constitutes your acceptance of our terms of use and your agreement to hold this site, its officers, employees and any contributors to this site harmless for any damage you might incur from your use of any submissions contained on this site. If you do not agree to the above terms, please do not proceed.

These forms are provided to assist business owners and others in understanding important points to consider in different transactions. They are offered with the understanding that no legal advice, accounting, or other professional service is being offered by these documents or on this website. Laws vary in the different states. Agreements acceptable in one state may not be enforced the same way under the laws of another state. Also, agreements should relate specifically to the particular facts of each situation. Therefore, it is important to consult legal counsel whenever utilizing these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com is not engaged in recommending or referring members on the site or making claims about the competence, character or qualifications of its participating members.
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Keywords: Lease, Sublease, legal forms

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