In appraising lease value, how does the appraiser assign the appraised value among the parties involved?

The correct choice reflects the principle that an appraiser considers the specific interests of each party as outlined in the lease agreement when determining the appraised value. In lease transactions, different parties may have varying rights and obligations defined by the lease terms, which can include rental amounts, duration of the lease, property maintenance responsibilities, and options for renewal or termination.

These factors directly influence the economic value derived from the lease, and the appraiser must assess these interests to arrive at a value that accurately reflects each party's stake in the property. For instance, the lessor (landlord) and lessee (tenant) typically have different interests; the lessor is interested in having a reliable income stream, while the lessee is concerned with securing favorable rental terms and the usability of the property.

The other options do not accurately reflect the nuanced approach of real estate appraisal in lease situations. Simply assigning equal shares would disregard the individualized terms and market conditions that shape each party's interest in the lease. Suggesting that the lessor is the only party with value ignores the significant contributions of a tenant in the agreement, including their occupancy rights and potential for income generation. Lastly, a fixed division percentage does not accommodate the variable and unique terms of each lease arrangement,