This refers to the distance from one side of the bay to another.
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Breakup Fee
Typically between 1 and 3 percent of the sale price, a breakup fee--also known as termination fee--is a type of provision in a takeover agreement that requires a company to pay the investment banker a sum of money should another...
Fraud
This refers to a misstatement of a material fact made with the intent to defraud or created with reckless disregard of the truth, and it actually does misguide.
Cold Shell
This refers to any rentable area or part of a building or property that comprises an unimproved and often bare shell. Examples are spaces without HVAC, plumbing, lighting, interior finishes, elevators, and others. A cold shell...
Caveat Emptor
Translated from Latin, this phrase reads, "Let the buyer beware." It is a reminder to buyers to complete their due diligence when purchasing a particular property. So long as the seller tells the truth about the state of the...
Discounted Cash Flow
This is a toll in investment analysis that is often used by real estate professionals to make decisions on development investment and to determine whether or not to hold, buy, and sell. The (DCF) discounted cash flow analysis...
Hold/Sell Analysis
This is the process of analyzing whether or not to proceed with holding an income-producing real estate, or whether to sell the real estate and reinvest the gains in an alternative opportunity. Many real estate professionals and...
Duress
This is the act of forcing an individual or a business to do something against their will. It includes acts such as forcing someone to sign a document or confining and threatening their child, spouse, or other close relatives.
Hotel “Flag”
A hotel "flag" is an informal term that refers to an operating brand within the hotel industry. Examples of these are Marriott, Best Western, and Hilton.
implied warranty of habitability
This is a legal document that demands landlords to offer and sustain livable premises for their tenants. In most states, should the landlord fail to provide habitable housing, tenants are legally allowed to withhold rent or take...
