This is the portion of net rentable square feet dedicated to the common areas of a building. It...
Author - Kevin Coulston
Average downtime
Indicated in months, average downtime is the period anticipated between the expiration of the lease...
Exclusive right to sell (ERS)
This is a listing agreement that gives the agent the full right to sell a particular property for a...
Closed-end fund
This is a blended fund that has a finite life and targets a specific range of investor capitals. It...
In-migration
This is the process wherein a particular geographic area incorporates new households or individuals...
Catch Up Provision
This is a provision found in real estate partner agreements where a special distribution tier is...
Cantilever Rack
This is a kind of racking system specifically designed to store long, bulky, and awkward materials...
Full Service Gross Lease
This is a commercial lease wherein the tenant is required to pay a base rent while the landlord...
Creative Office Space
This is a space that was previously meant for industrial purposes, complete with high ceilings and...
Chattel
This refers to personal property and can also be called personalty. In contrast with realty...
