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What is crosslease land tenure

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1. What is crosslease land tenure?

a. A form of fee simple with the right to occupy land in perpetuity

b. The right to use land for a specific timeframe

c. A low cost and complex leasing arrangement

d. Freehold tenure with the highest level of ownership rights

e. Property held without any borrowings

2. The best way/s of valuing a near new property are:

a. Sales and investment approaches

b. Net rate only

c. Sales approach only

d. Cost and sales approaches

e. Income and cost approaches

3. Suppose a young couple have saved 30% deposit on a house in Auckland that delivers a $25,000 cashflow. Current market derived capitalization rate for this type of property is 3.3%. How much is their equity investment (to the nearest dollar)?

a. $75,000

b. $227,273

c. $234,900

d. $757,576

e. $220,000

Reference no: EM132170736

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