I would like to know on what terms will the tenant be willing to stay ie schedule or duration of the construction.

@Omar Khan2) Overlay Top down Market data on top to figure out pricing/valuation (we follow major publications aka RCA Insights ) Whats on the chart:1) Cap rate for MF (Class A/B aka Lifestyle) is lowest ...indication of competition2) Pricing trend by year and then within major cities .. indication of possible downturn or isolation of submarket 3) (dont have it here) MF price index doubled in past 10 Yrs.... indication is that market pulled all operators including both good and bad @Ivan barrett Hypothesis:1) There will be opportunities within MF to get a higher cap rate where Operator will need to exit due to operational/Debt performance... most probable case to compete with other existing good operators /indicators 2) Properties that will pass a stress test valuation with scenario where a downturn will happen aka vacancy will do up  and rent growth isnt possible for a duration of 2-4 yrs.It takes a bit opposite position to Recent post from https://www.biggerpockets.com/forums/432/topics/687483-unprecedented-structural-shift-the-thriving-multifamily-marketAnd supports https://www.biggerpockets.com/forums/432/topics/683154-bullish-on-multifamily  

They are obligated to pay for the duration of the lease while you are obligated to actively market and search for a new tenant.

Or duration of doing the business? 

Or have the CPA do the first year's taxes, after which all of the depreciation amounts and durations will have already been set, so that you can do subsequent years.If the paid CPA errs in any way, they will stand beside you at the audit.

We pay for all repairs of those items that are not the result of obvious tenant negligence.I have heard of landlords requesting the entire lease duration be paid for up front.

Duration - is this for 3-5 years or longer?

I traditionally use modest appreciation forecasts in my forecasts even though my market is largely an appreciation market (Neighborhood scout has it 10/10 I believe for every duration they list in their table) because I want my forecasts to be conservative.Buyers should do their own research to determine appreciation forecasts, but no pro forma (which should be conservative) should be reflecting a 16% market appreciation for next year (and likely not for any year).There are deals to be made/found, but the buyers need to cautious. 

The new owner of the property must uphold the lease or issue Notice of Termination of Tenancy depending on several factors.CCP 1161b defines the parameters that must be met in order to assert your right to continued tenancy through the duration of the fixed term lease.  

Cap rate is a metric that quantifies the quality and duration of a set of cash flows.