Commercial Property Glossary
- ABANDONMENT VALUE
- ABATEMENT
- ABSTRACTION (EXTRACTION) METHOD
- ACCELERATED DEPRECIATION
- ACCREDITED ASSESSMENT EVALUATOR (AAE)
- ACCRUED
- ACQUISITION
- ADJUSTED COST BASE
- AFTER-TAX CASH FLOW
- AGREEMENT OF SALE
- AIR RIGHTS
- ALLOCATION (ABSTRACTION) METHOD
- AMENITIES
- AMORTIZATION
- ANCHOR TENANT
- APPROACHES TO VALUE
- ASKING PRICE
- ASSEMBLAGE
- ASSESSED VALUE
- ASSESSMENT
- AUCTION
- BASE RENT
- BEFORE-TAX CASH FLOW
- BELOW-MARKET INTEREST RATE (BMIR)
- BETTERMENT
- BID
- BILL OF SALE
- BLANKET MORTGAGE
- BLENDED RATE
- BOND
- BORROWER (MORTGAGOR)
- BROKER
- BUILD TO SUIT
- BUILDING GRADES OR CLASSIFICATIONS
- BUILT TO TENANT REQUIREMENTS
- BULK SALES ESCROW
- BUY-BACK AGREEMENT
- BUYER'S MARKET
- CAP RATE
- CAPITAL EXPENDITURE
- CAPITAL GAIN
- CAPITAL IMPROVEMENT
- CAPITAL LOSS
- CARRYING CHARGES (COSTS)
- CASH FLOW
- CASH-OUT REFINANCE
- CEILING
- CENTRAL BUSINESS DISTRICT (CBD)
- CERTIFICATE OF OCCUPANCY
- COLLATERAL MORTGAGE
- COMMERCIAL LEASE AGREEMENT
- COMMERCIAL PROPERTY
- COMMISSION
- COMMON AREAS
- COMPARABLES
- COMPOUND INTEREST
- CONTIGUOUS SPACE
- CONTRACT RENT
- CONVERSION CLAUSE
- CONVEY
- COST APPROACH
- CUMULATIVE INTEREST
- DATE OF APPRAISAL
- DATE OF REGISTRATION
- DEBT COVERAGE RATIO (DCR)
- DEBT EQUITY RATIO
- DEBT FINANCING
- DEBT RATIO
- DECENTRALISED
- DEED RESTRICTION
- DEFERRED INTEREST
- DETERIORATION
- DEVELOPMENT RIGHTS
- DIRECT CAPITALISATION
- DIRECT COSTS
- DISCOUNT RATE
- DISCOUNTED CASH FLOW ANALYSIS
- DISTRESSED PROPERTY
- DOWN PAYMENT
- DUE DILIGENCE
- EASEMENT
- ECONOMIC DEPRECIATION
- ECONOMIC LIFE
- EFFECTIVE AGE
- EFFECTIVE GROSS INCOME
- EFFICIENCY RATIO
- ENCROACHMENT
- ENCUMBRANCE
- ENERGY EFFICIENT
- ENTERPRISE ZONE
- EQUITY
- ESCALATOR CLAUSE
- ESCROW
- EVALUATION
- EXCHANGE
- EXCLUSIVE LISTING
- EXPENSE RATIO
- FAIR MARKET VALUE
- FAR
- FIDUCIARY
- FINAL VALUE ESTIMATE
- FINANCIAL RISK
- FINANCIAL STATEMENT
- FINDER'S FEE
- FIRM OFFER
- FIXED EXPENSES
- FIXED TENANT IMPROVEMENT ALLOWANCE
- FIXTURE
- FLEX SPACE
- FLOATING RATE
- FLOOR AREA
- FLOOR AREA RATIO (FAR)
- FLOOR PLAN
- FORCED SALE
- FORECLOSURE
- FORWARD (INCOME) YIELD
- FREEHOLD
- FRONTAGE
- FULLY AMORTIZING PAYMENT
- FUNCTIONAL OBSOLESCENCE
- FUNCTIONAL UTILITY
- GEARING
- GENERAL LIEN
- GRADUATED LEASE
- GRANTEE
- GRANTOR
- GRANTOR
- GROSS INCOME
- GROSS INCOME MULTIPLIER
- GROSS LEASABLE AREA
- GROSS LEASE
- GROUND LEASE
- GROUND RENT
- GUARANTEE
- HIDDEN AMENITIES
- HIGH RATIO MORTGAGE
- HIGH RISE
- HIGHEST AND BEST USE
- HISTORICAL COST
- HOLD OVER TENANT
- HOLDING PERIOD
- HOME INSPECTION
- HYBRID MORTGAGE
- HYPOTHECATE
- IMPOUND
- IMPROVED LAND
- IMPROVEMENTS
- INCOME APPROACH
- INCOME PROPERTY
- INCURABLE DEPRECIATION
- INDEPENDENT VALUATION/APPRAISAL
- INDEXED LEASE
- INDUSTRIAL PARK
- INDUSTRIAL PROPERTY
- INSTALLMENT
- INSTITUTIONAL LENDER
- INSURABLE VALUE
- INTEREST PAYMENT
- INTEREST RATE CAP
- INTEREST RATE CEILING
- INTEREST RATE FLOOR
- INTERIM USE
- INTERIM USE
- INTERNAL RATE OF RETURN
- INVESTMENT
- INVESTMENT PROPERTY
- JOINT OWNERSHIP AGREEMENT
- JOINT TENANCY
- JOINT VENTURE
- JUDGEMENT
- JUDGEMENT LIEN
- JUDICAL FORECLOSURE
- KEY TENANT
- KIOSK
- LAND BANKING
- LAND LEASE
- LAND SALE LEASEBACK
- LAND SURVEYOR
- LAND USE PLANNING
- LAND USE SUCCESSION
- LANDLORD
- LANDSCAPE ARCHITECT
- LATENT DEFECTS
- LEASE
- LEASE WITH OPTION TO PURCHASE
- LEASEHOLD ESTATE
- LEASEHOLD IMPROVEMENTS
- LEASEHOLD MORTGAGE
- LEGAL DESCRIPTION
- LENDER
- LESSEE
- LESSOR
- LETTER OF INTENT
- LEVY
- LIFE TENANT
- LINE OF CREDIT
- LOAN-TO-VALUE RATIO
- LOCK IN
- LONG LEASE
- LONG TERM LEASE
- LOW-BALL OFFER
- MAINTENANCE COSTS
- MALL
- MANAGEMENT AGREEMENT
- MANAGEMENT FEE
- MANAGEMENT PLAN
- MANDATE
- MARGINAL LAND
- MARKET PRICE
- MARKETING PLAN
- MINERAL RIGHTS
- MINIMUM RENT
- MINIMUM-GUARANTEED PERCENTAGE LEASE
- MIXED-USE COMMERCIAL PROJECT
- MORTGAGE
- MUNICIPALITY
- NATURAL VACANCY RATE
- NEGATIVE AMORTIZATION
- NEGATIVE CASH FLOW
- NET INCOME
- NET LEASABLE AREA
- NET LEASE
- NET LETTABLE AREA
- NET OPERATING INCOME (NOI)
- NOMINAL INTEREST RATE
- NON-CONFORMING USE
- NONEXCLUSIVE MANDATE
- NONJUDICIAL FORECLOSURE
- NUISANCE
- OBSOLESCENCE
- OCCUPANCY
- OCCUPANCY
- OCCUPANCY PERMIT
- OCCUPANCY RATE
- OFFER TO PURCHASE
- OFFICE PARK
- OPERATING EXPENSES
- OPTION TO PURCHASE
- OUTBUILDING
- OVERALL CAPITALISATION RATE
- OWNER OCCUPIED
- PARKING RATIO
- PERCENTAGE LEASE
- POOL FACTOR
- POTENTIAL GROSS INCOME
- PRELEASE
- PRIMARY LEASE
- PRIME RATE
- PRIME SPACE
- PRINCIPAL AMOUNT
- PROPERTY MANAGEMENT
- PURCHASE PRICE
- PURCHASER
- QUALIFIED BUYER
- QUALIFYING RATIOS
- QUANTITY SURVEYOR
- QUID PRO QUO
- QUIET ENJOYMENT
- QUITCLAIM DEED
- RATE LOCK-IN
- RAW LAND
- Real Estate
- REDEVELOP
- REDLINING
- REGISTRAR
- REGISTRATION
- REMAINING ECONOMIC LIFE
- REMODEL
- RENEWAL OPTION
- RENOVATE
- RENT
- RENT-FREE PERIOD
- RENTAL CONCESSIONS
- RENTAL RATE
- REPLACEMENT ALLOWANCE
- REPLACEMENT COST
- RESERVE PRICE
- RESIDUAL TECHNIQUES
- RESTRICTION
- REVERSE LEVERAGE
- REVERSION (RENTAL)
- REVERSION FACTOR
- REZONING
- RIGHT OF FIRST REFUSAL
- SALE AGREEMENT
- SALE AND LEASEBACK
- SALES COMPARISON APPROACH
- SANDWICH LEASE
- SECURITY DEPOSIT
- SELF-AMORTIZING MORTGAGE LOAN
- SELLER'S MARKET
- SHELL LEASE
- SOFT MARKET
- SPECULATIVE BUILDER
- SPECULATOR
- STAMP DUTY
- SUBDIVISION
- SUBLEASE
- SUPPLY AND DEMAND
- SURFACE RIGHT
- TAKE-UP (ABSORPTION)
- TAKE-UP RATE (ABSORPTION RATE)
- TAX BASE
- TENANCY
- TENANT FIXTURES
- TENANT IMPROVEMENT ALLOWANCE
- TENANT INSTALLATION ALLOWANCE
- TIME-SHARING
- TRIPLE-NET LEASE
- TRUST DEED
- TURNKEY PROJECT
- UNDER CONTRACT
- UNDERWRITING
- UNENCUMBERED PROPERTY
- UNSECURED LOAN
- UPSET PRICE
- URBAN PROPERTY
- URBAN RENEWAL
- URBAN SPRAWL
- USABLE AREA
- USEFUL LIFE
- VACANCY FACTOR
- VACANCY RATE
- VACANT LAND
- VACANT SPACE
- VALID
- VALUATION
- VARIABLE EXPENSES
- VENTURE CAPITAL
- VOID
- WAIVER
- WAREHOUSE
- WARRANTY DEED
- WEAR AND TEAR
- WORK LETTER
- WORKING DRAWINGS
- YIELD
- ZONE
- ZONING RIGHTS/CONDITIONS