Pricing upwards-only rent review clauses
French, N.
Pricing upwards-only rent review clauses - 1998 - Journal of Property Valuation and Investment 16(5) 1998, 447-454(8) .
Analysis of the effect of upward-only rent review leases on rental levels, compared to leases were rental values are allowed to fluctuate freely. Looks at how the upward-only adjustment clause can be priced by simulation, taking into account such factors as expected drift and volatility of rental rates.
FLEXIBLE LEASES
LEASE STRUCTURE
MONTE CARLO SIMULATION
OVERAGE
RENTAL LEVELS
UPWARD ONLY RENT REVIEWS
VALUATION METHODS
Pricing upwards-only rent review clauses - 1998 - Journal of Property Valuation and Investment 16(5) 1998, 447-454(8) .
Analysis of the effect of upward-only rent review leases on rental levels, compared to leases were rental values are allowed to fluctuate freely. Looks at how the upward-only adjustment clause can be priced by simulation, taking into account such factors as expected drift and volatility of rental rates.
FLEXIBLE LEASES
LEASE STRUCTURE
MONTE CARLO SIMULATION
OVERAGE
RENTAL LEVELS
UPWARD ONLY RENT REVIEWS
VALUATION METHODS