Property Valuation
The 'economic characteristics' of an income-producing property that affect its NC appraisal include:
AOnly the physical condition of the building
BLease terms, tenant quality, occupancy rates, and income stability✓ Correct
COnly the location of the property
DThe owner's financing terms
Explanation
Economic characteristics — including lease terms, credit quality of tenants, occupancy rates, and income stability — significantly affect the value of income-producing properties because they affect the reliability and sustainability of NOI.
Related North Carolina Property Valuation Questions
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