In the income method of real estate appraisal, should the yield be the same during the lease period and outside the lease period?

The rate of return should be the same, but the net income within the lease period and outside the lease period is different.

It has been nearly eight years since the valuation report was issued, but there is no report about adopting different rates of return inside and outside the lease period.

The risk-adjusted value mentioned here refers to the income level required by a certain type of real estate, such as: business >; Office building > residential property. Because the property type of the same appraisal object is fixed, it is impossible to choose the inconsistent rate of return inside and outside the lease period. If the same appraisal object has different rates of return, it will only appear in the case of rent increase (decrease).