Use when constructing comparable sales adjustment grids, quantifying adjustments via paired sales or hedonic regression, validating gross/net adjustment limits, or reconciling adjusted sale prices. Triggers on sales comparison appraisals, sales grid construction, market-extracted adjustments. Key terms: adjustment hierarchy, paired sales, hedonic regression, gross/net adjustment limits, sensitivity analysis.
Use when valuing transmission towers, telecom sites, substations, or specialized infrastructure where market comparables are unavailable or incomplete. Apply replacement cost new (RCN) less depreciation, or reconcile cost approach with limited market data. Key terms: RCN, physical/functional/external depreciation, indirect costs, age-life method, depreciated replacement cost.
Use when valuing utility transmission easements, pipeline corridors, rail/transit corridors, access easements, telecom sites, or temporary construction easements. Apply percentage of fee method, income capitalization, before/after paired sales, or rate-of-return for TCEs. Key terms: percentage of fee, income capitalization, paired sales, discount rate, agricultural rent, TCE.
Use when reviewing Phase I/II ESA reports, evaluating contaminated site acquisitions, estimating remediation costs, analyzing MOE regulatory pathways (Tier 1/Tier 2, RSC filing), or allocating environmental liability between buyer and seller. Triggers on RECs, soil/groundwater exceedances, brownfield redevelopment, and contamination-driven price adjustments.
Use when valuing telecom ground leases, agricultural rental land, fee interests under ground leases, or perpetual easement income streams. Capitalize land rent to derive value via market rent analysis and cap rate selection (extraction, band of investment, build-up). Key terms: NOI, cap rate, market rent, ground lease, reversion value, sensitivity analysis.
Use when reviewing title search reports, parsing registered easements/covenants/liens/environmental charges, assessing marketability defects, or quantifying encumbrance discounts during acquisition due diligence. Triggers on Ontario Land Titles searches, restrictive covenant analysis, registration defect detection, and cumulative encumbrance discount calculations.
Use when preparing board approval memoranda, drafting authorization or ratification resolutions, structuring decision memoranda for infrastructure projects or land acquisitions, or formalizing governance documentation with NPV, risk assessment, and resolution language.
Use when drafting a 1-2 page executive briefing note for an infrastructure acquisition, framing a decision memo for board or C-suite approval, synthesizing financial and risk analysis into a recommendation, or preparing time-sensitive authorization requests.