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• <br /> estimate of the fair market value of the property <br /> (all interests therein to be acquired) to each <br /> separately held interest. If a tenant owns any <br /> real property improvements which he has the right <br /> or obligation to remove at the expiration of his <br /> term, the apportionment between the landlord and <br /> the tenant shall be made in accordance with Para- <br /> graph c below. The report shall contain the data, <br /> analyses, and reasoning by which the APPRAISER made <br /> the apportionment. If the "unit rule" is regarded <br /> as not applicable because the division of ownership <br /> is such as to diminish the fair market value of the <br /> property as a whole, the separate interests <br /> involved shall be appraised separately. <br /> c. Tenant-Owned Improvements. If any buildings, <br /> structures, fixtures, or other improvements, com- <br /> prising part of the property appraised are identi- <br /> fied, as provided in Paragraph 5 of this agreement, <br /> as being the property of a tenant who has the right <br /> or obligation to remove them at the expiration of <br /> his term, the APPRAISER shall apportion his esti- <br /> mate of the fair market value of the real property <br /> appraised, including the property of each such <br /> tenant, to the landowner and the tenant or tenants <br /> so that the amount apportioned to each tenant for <br /> his interest in the real property will be the <br /> greatest of. (1) the fair market value of the <br /> tenant's leasehold interest in the property, (2) <br /> the amount which the tenant's property contributes <br /> to the fair market value of the property as a <br /> whole, or (3) the fair market value of the tenant's <br /> improvements for removal from the property. The. <br /> appraisal report shall state the basis for the <br /> valuation of each tenant's interest and furnish the <br /> date and analyses on which such valuation was made. <br /> d. Owner-Occupant in a Multi-family or Mixed Use <br /> Property. If the property is a multi-family or <br /> mixed-use (residential and non-residential) pro- <br /> perty and the owner of a compensable interest <br /> therein, as defined in the next sentence, occupies <br /> a dwelling in the property, the APPRAISER shall <br /> furnish an apportionment of his estimate of the <br /> fair market value of the whole property to such <br /> dwelling or to each such owner occupied dwelling if <br /> more than one, and to the remainder of the pro- <br /> perty. For the purpose of this paragraph, an <br /> occupant of a dwelling shall be considered to own a <br /> compensable interest in the property if he holds <br /> fee title, a life estate, a 99-year lease, or a <br /> lease with not less than 50 years to run from the <br /> date of valuation, or holds an interest in a <br /> cooperative housing project which includes the <br /> right of occupancy of a dwelling unit therein, or <br /> is the contract purchaser of any of the foregoing <br /> estates or interests, or has a leasehold interest <br />