This is the process of bequeathing or transferring an interest of property by a deed or any other instruments.
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Industrial Gap
This is the difference between the demand and supply of an industrial property located in a particular area or market.
Car Stacker
This parking system uses a hydraulic machine to stack cars vertically in order to maximize space and efficiency. The technology is typically used in high-density urban areas as land costs and parking rates make implementing a...
Functional Data
This is the information or data gathered and announced by a functional region.
Demarcation Point
This is the physical point or the location where a telecommunication provider's network ends and where the private network of a customer begins. Typically, this is where the cable physically enters a property or building. It is...
Fixed rate
This is an interest rate that remains constant either for the entire life of a loan or for a portion of the loan term. This would depend on the loan agreement.
Building or “Core” Factor
This is the calculation of the rentable area (RBA) divided by the usable area. Usable areas refer to common spaces such as shared restrooms, corridors, and lobbies, while RBA refers to the total net rentable square footage in the...
Effective date
This is the specific date when a registration statement becomes effective. At this time, the sale of securities can begin.
habendum clause
This is a clause in a deed that describes the types of rights and interest that the grantee or lessee will enjoy. It usually starts with the words "to have and to hold."
Building code
This refers to the various laws or regulations written and imposed by city or county officials with the aid of construction professionals. These regulations dictate the criteria for design, construction, and modification of...
