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Form #826Value 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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form, and you agree to abide by these terms. It is highly recommended that you have
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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
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