Property Valuation
In South Carolina, a 'leased fee estate' valuation is relevant when:
AThe property is being appraised for cash buyers
BThe appraiser is valuing the landlord's interest in a property subject to a lease✓ Correct
CThe property is being leased for the first time
DThe appraisal is for assessment purposes
Explanation
Leased fee value is the value of the landlord's interest in a property encumbered by a lease. It reflects the right to receive the contract rent plus the right to the property at lease expiration.
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