This is a metric used to measure a property's ability to fund all of its debt obligations. The DSCR is determined by dividing the annual (NOI) net operating income by the annual debt service expense. It is often expressed as a...
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Demolition Clause
This is a clause found in a lease indicating that when the ground lease has passed its expiration date, the building needs to be demolished. In this case, the lessor is obliged to notify the tenants within an established time...
Environmental Hazards
These are natural or physical events or conditions that can pose a risk to humans and the surrounding environment.
FAD (funds available for distribution)
This is an internal measurement of the amount of capital that a (REIT) real estate investment trust holds and will be distributed to stakeholders and unitholders as dividends.
Geographic Submarket
This is the total amount of housing units or households within a defined area as determined by their income, tenure, and other socio-economic attributes that are calculated to be within a specific geographic division or unit.
Cost Plus Contract
In this contract, the contractor is reimbursed for all costs related to construction on top of a prearranged percentage of costs covering the contractor's profit and overhead. This is the kind of contract utilized when the scope...
Enclave community
Compared to planned communities, enclave communities are smaller in extent and usually has different price ranges for the residential neighborhoods. They typically have public recreation areas (such as swimming pools and...
Efficiency
This measures the effectiveness or capacity of a certain space to produce the desired outcome with minimum expenditure in terms of money, materials, time, and energy.
Why Centimillionaires Need Single Family Offices
In this video Richard C. Wilson, founder of the Family Office Club, discusses why those with over $100 million in net worth need to form a single family office to protect and help grow their wealth. To learn more about single...
Exclusive Agency
This is an agreement where a broker has the exclusive rights to represent a tenant or an owner. Should the tenant or owner utilize another broker, both the actual and original broker are entitled to their own leasing commissions.
