This is a unit that is not collecting rent or generating any revenue. It is calculated by getting the difference between the gross potential rent at a property and the actual rent that is collected.
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Et ux
This is the abbreviation of the term "et uxor," which is a Latin phrase meaning "and wife."
Income return
This is the percentage of the total revenue produced by the costs from operations of a fund, account, or property.
General Warranty Deed
Of any deed, the general warranty deed offers the most protection. More common in residential real estate rather than in commercial real estate, this kind of deed promises sellers that they have the right to sell the property. It...
Ceiling Plenum
This is a completely enclosed area above the ceiling that can be used for air-conditioning, air circulation, ventilation, and heating. It is usually found in the area between a drop-down ceiling or it could be under a raised...
Brokerage
Also called a brokerage firm or a brokerage house, this refers to a firm that brings together parties interested in buying, selling, transferring, exchanging, or leasing real property, usually for a commission or fee. Brokerage...
Displaced Sales
These are sales that came from purchases that are made by consumers who are not located in the local service area. This, in turn, represents a revenue gain for the retail property as sales can be generated from customers who...
hold harmless
This is a promise stipulated in a contract by one party stating that the said party will not hold the other party accountable should the other party carry out the contract in a way that causes damage to the first party. These...
Full Service Hotel
This hotel has its own food and beverage component and provides a wide range of services and amenities like bars, restaurants, pools, and concierge services. These hotels have high fixed costs and attract a more affluent business...
Book value
This is the value of an asset as it appears on a balance sheet. It is calculated by subtracting the accumulated depreciation from the cost. Anything can possess a book value--corporations, coins, automobiles, rare books, and...
