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Keywords: Retail lease
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Journal Articles
Journal of Property Investment & Finance (2017) 35 (4): 369–381.
Published: 03 July 2017
... and extension options. The equations capture the value related to uncertainty (volatility) that is missed by standard valuation practices. Findings The results indicate that overage and extension options can represent a significant proportion of retail lease contract’s value and their value is heavily time...
