Property Valuation
In North Dakota, an appraiser reviewing a commercial property's rent roll should determine:
AThe property's paint condition
BThe current and market rental rates, lease terms, tenant mix, and lease expiration dates✓ Correct
CThe owner's investment strategy only
DThe building's age
Explanation
A rent roll analysis is critical in the income approach, revealing actual versus market rents, lease terms, vacancy, lease expirations, and tenant quality—all of which affect the reliability and sustainability of the property's income stream.
Related North Dakota Property Valuation Questions
- In North Dakota, which appraiser certification level is required to appraise a non-residential property with a transaction value over $500,000 for federally related transactions?
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