Bonus to selling agent or BTSA refers to the compensation given to the real estate agent who brings the buyer to the transaction. It is an added incentive for agents to show a specific listing. BTSA must be stated in the written...
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Entitlement Process
This is a procedure wherein a landowner or a real estate developer attempts to develop or redevelop the property with government approvals for density, design, zoning, occupancy, and use permits. The real estate developer or...
Discounted Cash Flow Analysis (DCF)
A discounted cash flow (DCF) analysis suggests that the value of a property is equal to its expected future cash flows discounted to present dollars. DCF analysis believes in the principle that an investment now is worth an...
Escrow
This is a written agreement for a neutral third party to hold funds on behalf of the other two parties engaged in a financial transaction. The funds can be held in escrow until all the conditions of a transaction are satisfied.
Floor to Ceiling Height
In each floor plate of a building, this is the height that is measured from the top of a floor to the surface of the ceiling.
Industrial Location Decision-Making
This is a process that involves evaluating alternative properties for a certain industrial action based on site feasibility features. In a decision such as this, regional location is of greater importance while the local site...
Functional Components
These are the factors that decide how a specific site or location functions.
Finder’s fee
This is a legal fee that is normally expected by apartment-finding services and real estate brokers for producing a buyer or a seller. However, there are some landlords who charge a finder's fee for renting a place. This type of...
Cleaning fee
This is a non-refundable fee that a landlord typically charges when a new tenant is moving in. Even if you leave the place spotless, this fee funds the cleaning that is needed on the rented premises after a move out. Depending on...
Effluxion of time
This is the normal end of a lease because of the elapsing of time in contrast due to a certain event that may cause the lease to expire, such as the destruction of a building.
