Valuing long-term leases: The option to
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Dennis R. Capozza; Gordon A. Sick
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Article
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1991
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Springer US
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English
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Long-term leases on property are popular in many jurisdictions, both with private vendors and with local governments who want to retain future control over land use. A puzzling issue for vendors and purchasers has been how to value these leased properties relative to fee-simple properties. Simple pr