The Philadelphia Chapter of the American Society of Appraisers will sponsor a three-hour Pennsylvania Continuing Education class — Understanding Leases on Wednesday, November 28, 2018 from 9:00 am to noon at Andy’s Diner, 2224 Lincoln Highway (Rte 1) Trevose, PA 19053 (215-638-1444)
The instructor will be Robert J. Luciani, ASA, IFA, a PA Certified Real Estate Appraiser & Assessor. Mr. Luciani is Deputy Assessor in the Office of Property Assessment for the City of Philadelphia. Chapter Members are familiar with him from the courses he teaches as an AQB (Appraiser Qualifications Board) Certified USPAP Instructor.
From farmland to factories, from malls to warehouses, from hotels to offices, from stores to apartments, more than 60% of Pennsylvania real estate is leased, not owned outright. This course reviews basic lease law, both common law and Pennsylvania statutes.
Appraisers will learn how the terms and provisions of leases impact the income stream, the valuation process, and ultimately the property value. Assessors will get an overview of how lease terms such as expenses, percentage rent, overage rent and tenant improvements establish the value of the lease for assessment purposes. Both will be exposed to the basics of lease analysis — gross vs. net leases, percentage of sales clauses, etc. The object is preparation for advanced courses in real property appraising and assessing.
Please register early for this class which qualifies for three (3) hours of Continuing Education Credit for Pennsylvania Licensed Appraisers and Assessors.
Tuition for the class is $65 per person, which includes all course materials, breakfast at 8:30 am and lunch at noon, and may be paid by check or online. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail, including your name, phone number and email address, to ASA Philadelphia, 1229 Chestnut St #232, Philadelphia, PA 19107-4140. Please RSVP by email to Anita Luciani, Administrative Assistant.
PLEASE NOTE: Mr. Luciani will conduct two (2) Pennsylvania Continuing Ed classes for Appraisers and Assessors at Andy’s Diner on Wednesday, November 28, 2018, a 3-HR Pennsylvania Understanding Leases Course ($65) from 9:00 am to noon, and a 2-HR Pennsylvania Appraisal Law Course ($45) from 1:00-3:00 pm.