This refers to several spaces or suites either on adjoining floors or the same floor in the same building.
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Cross-Over Demand/Flex Space
This is a property that provides its occupants with flexibility in using the space. Flex space typically offers a configuration that allows a flexible amount of showroom or office space in combination with laboratory...
Elevation
This is a architectural drawing that presents an item in a two dimensional article, including its side, back or front vantage point.
Actual damages
Also known as real damages or compensatory damages, actual damages involve the financial amount that is paid to compensate a victim who has suffered a loss. These damages generally come from the negligence or the mistakes made by...
Consideration
In the exchange of real estate and in a real estate contract, consideration is something of value that may be bargained for. The most common form of consideration is money. However, this may also be a commodity, a transfer of...
Floor to Floor Height
In each floor plate of a building, this is the height that is measured from the top of a floor to the top of the floor above.
Annuity Factor
This refers to the amortization term-based factor and interest rate whose reciprocal is the mortgage constant, which is the percentage of the original loan principal amount. When multiplied by the loan principal amount, this will...
Bridge Loan
Also known as gap financing or swing loans, bridge loans are short-term loans used to purchase assets. These can also cover financial obligations until longer-term financing is found. This type of financing is expected to be paid...
Broker
This individual or firm acts as an intermediary between two or more parties, usually a buyer or a seller of real estate, in connection with a certain transaction. For providing their service, brokers charge a certain amount of...
Funding Allocation Revisions
The (VEZ) Virginia Enterprise Zone program was changed to allow the (JCG) Job Creation Grant to receive priority in funding. This revision charges the (DHCD) Department of Housing and Community Development with paying the JCG;...
