Lessor and lessee perspectives on ground lease pricing

REFERENCES

• Akerlof, G. (1970) The market for lemons: quality uncertainty and the market mechanism, Quarterly Journal of Economics, 89, 488-500.
   Google Scholar
• Andersson, R. (1999) Attractive Cities An Economic Analysis, Swedish council for building research.
   Google Scholar
• Arvidsson, G (1975) Om tomträttsavgäld, Ekonomisk Debatt, nr 6.
   Google Scholar
• Bengtsson, B. and Victorin A. (1991) Hyra och Annan Nyttjanderätt till fast Egendom, 4edn upplagan, Institutet för rättsvetenskaplig forskning, Norstedts Juridik.
   Google Scholar
• Bornholt, B. (1992) The Role of valuers and lawyers in a rent review situation, New Zealand Valuers' Journal, December, 18-20.
   Google Scholar
• Boyd, T.P. (1997) The conflict between market behaviour and valuation theory of partial interests of real estate, Paper to be presented at 13th annual area meeting, April, Sarasota, Florida, USA.
   Google Scholar
• Brealey, R.A. and Young, C.M. (1980) Debt, taxes and leasing: a note, Journal of Finance, 35, 1245-50.
   Google Scholar
• Brown, G.R. (1995) Estimating effective rents, Journal of Property Finance, 6(2), 33-42.
   Google Scholar
• Capozza, D.R. and Sick, G.A. (1991) Valuing long-term leases: the option redevelop, Journal of Real Estate Finance and Economics, 4, 209-23.
   Google Scholar
• Carneghi, C. (1994) Determining ground-lease rental rates, The Appraisal Journal, April, 256-63.
   Google Scholar
• Deutsch, E. (1996) Urban land leases and social housing programmes, Housing Studies, 11(3), 435-58.
   Google Scholar
• Fujiyoshi, G.T. (1984) How to extract a rate of return for leasehold land, The Real Estate Appraiser and Analyst, Summer, 29-30.
   Google Scholar
• Grenadier, S. (1995) Valuing lease contracts: a real-option approach, Journal of Financial Economics, 38, 297-331.
   Google Scholar
• Haslett, S. (1989) Perpetual lease valuation using equated yields, New Zealand Valuers' Journal, December, 14-18.
   Google Scholar
• Jefferies, R.L. (1989) Current problems in ground leasehold valuation, New Zealand Valuers' Journal, December, 18-28.
   Google Scholar
• Jefferies, R.L. (1997) Ground rental valuation models, Paper to be presented to the Pacific Rim Real Estate Society Conference, 20-22 January, Massey University, Palmerston North, New Zealand.
   Google Scholar
• Lewis, C.M. and Schallheim, J.S. (1992) Are debt and leases substitutes?, Journal of Financial and Quantitative Analysis, 27, 497-511.
   Google Scholar
• Lieberman, G.A. (1990) Essential elements of a real estate sales contract, Real Estate Finance, 7(2), 86-90.
   Google Scholar
• McConnell, JJ. and Schallheim, J.S. (1983) Valuation of asset leasing contracts, Journal of Financial Economics, 12, 237-61.
   Google Scholar
• Mitchell, I. (1997) Ground lessor's interests: market evidence and economic theory, Paper to be presented to the Pacific Rim Real Estate Society Conference, 20-22 January, Massey University, Palmerston North, New Zealand.
   Google Scholar
• Muhlebach, R.F. and Paperd, D.P. (1989) Marketing guaranteed income properties after sale, Real Estate Finance, 6(3), 27-31.
   Google Scholar
• Myers, S.C., Dill, D. and Bautista, A. (1976), Valuation of financial lease contracts, Journal of Finance, 31, 799-819.
   Google Scholar
• Rothstein, A. (1979) Problems in leased fee condemnation, The Appraisal Journal, October, 500-10.
   Google Scholar
• Schall, L.D. (1974) The Lease-or-buy and asset acquisition decision, Journal of Finance, 29, 1203-14.
   Google Scholar
• Schallheim, J.S. and McConnell, J.J. (1985) A model for the determination of 'Fair' premiums on lease cancellation insurance policies, The Journal of Finance, XL(5), 1439-57.
   Google Scholar
• SOU 1990:23 (1990) Tomträttsavgäld, Betänkande av 1988 Års tomträttsutredning, Bostadsdepartementet, Allmänna förlaget.
   Google Scholar
• Stewart, A.G. (1992) Damned if you do and damned if you don't, New Zealand Valuers' Journal, December, 6.
   Google Scholar
• Welinder, C. (1976) Tomträtt ur ekonomisk och politisk synpunkt, Ekonomisk Debatt, nr 3.
   Google Scholar