Or. Admin. R. 738-010-0045 - Appraisal/Market Rent Analysis Methodology

Appraisals and market rent analyses performed on all aeronautical properties, including either land only or land and improvements, shall meet the following minimum requirements:

(1) An income analysis must be employed, through evaluating rental rates, fees and charges of similar aeronautical land and improvements at comparable airports.

(2) All appraisals and analyses shall utilize current methods appropriate to valuation of aeronautical properties and facilities.

(3) Survey data compiled by recognized aviation organizations may be used as ancillary support for rental rates and fees used in the process; however, all survey data used in the analysis shall be made available to lessor or lessee in the transaction.

(4) Rates of return utilized in the income analysis shall be obtained through reasonable and acceptable methods and must be adequately discussed within the report.

Notes

Or. Admin. R. 738-010-0045

AVIA 3-2002, f. 10-30-02 cert. ef. 11-1-02

Stat. Auth.: ORS 835.035, ORS 835.040, ORS 835.112

Stats. Implemented: ORS 835.035, ORS 835.040, ORS 835.112, ORS 836.055