Briefly explain three (3) disadvantages of comparative method of valuation.Estimate the market rent of the subject property.
a) Calculate rent per sq. ft for all the comparables as appropriate. b) Give opinion on best comparable and state your reasons. c) Estimate the market rent of the subject property. d) Briefly explain three (3) disadvantages of comparative method of valuation. e) Briefly explain three (3) advantages of comparative method of valuation.