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A market leasing assumption (MLA), sometimes known as a speculative rent profile (spec rent) or market rent, is an accounting method used in commercial real estate to produce budget predictions and valuations. It is a sort of template, or standardized lease, that is applied to rental units for periods in the future when there is no contracted ...
In 2003 the so-called "Martin Castle" was sold for 1.8 million dollars to Thomas R. Post, a lawyer from Miami who graduated from University of Kentucky, and the name was changed to "The Castle Post". It had been for sale for many years at a price rumored to be more than 3 million dollars, and there had been talks that it would be turned into a ...
The second definition is equivalent to the economic rent of the land plus interest on capital improvements plus depreciation and maintenance—the normal market rent of a property—and is not inherently excessive. Also, this may be different from the rent actually being received. For short term lettings - e.g. rooms in hotels or houses let for ...
Kentucky Derby Estate: Also in Prospect, the property is listed at $10,000 per night, or $13,396 with fees. The seven-bed, eight-bath location would cost $93,773 for a seven-night stay.
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Rental value is the fair market value of property while rented out in a lease. More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor ( landlord ) under a license to real property . [ 1 ]
Wes Henderson, who bought the Kentucky Castle in 2023 for $19 million, is planning to build a new $92.5 million distillery and tourism project at Edgewood, a 150-acre site in Versailles, according ...
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...