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Featured >> National Gate | Over The Greens Mount Edgecombe | Crownwood Office Park | Over The Greens Mount Edgecombe |

Glossary of Terms

30 Days Notice	Key Tenant
45 Year Lease	Kiosk
Abatement	Land Banking
Abstraction (extraction) Method	Land Lease
Accelerated Depreciation	Land Sale Leaseback
Accredited Assessment Evaluator (aae):	Land Surveyor
Accrued	Land Use Planning
Acquisition	Land Use Succession
Adjusted Cost Base	Landlord
After-tax Cash Flow	Landscape Architect
Agreement Of Sale	Latent Defects
Air Rights	Lease
Allocation (abstraction) Method	Lease Contracts
Amenities	Lease With Option To Purchase
Amortization	Leasehold Estate
Anchor Tenant	Leasehold Improvements
Approaches To Value	Leasehold Mortgage
Asking Price	Legal Description
Assemblage	Lender
Assessed Value	Lessee
Assessment	Lessor
Auction	Letter Of Intent
Base Rent	Letter Of Intent
Before-tax Cash Flow	Levy
Below-market Interest Rate (bmir)	Life Tenant
Betterment	Line Of Credit
Bid	Loan-to-value Ratio
Blanket Mortgage	Lock Or Lock In
Blended Rate	Long Lease
Bond	Long Term Lease
Borrower (mortgagor)	Low-ball Offer
Broker	Maintenance Costs
Build To Suit	Mall
Building Grades Or Clasifications	Management Agreement
Building Height	Management Fee
Buy-back Agreement	Management Plan
Buyer's Market	Mandate
Cap Rate	Marginal Land
Capital Expenditure	Market Price
Capital Gain	Market Rent
Capital Improvement	Market Segmentation
Capital Loss	Market Value
Carrying Charges (costs)	Marketing Plan
Cash Flow	Mineral Rights
Cash-out Refinance	Minimum Rent
Ceiling	Minimum-guaranteed Percentage Lease
Central Business District (cbd)	Mixed-use Commercial Project
Certificate Of Occupancy	Mortgage
Collateral Mortgage	Multiple Dwelling
Commercial Property	Municipality
Commission	Natural Vacancy Rate
Common Areas	Negative Amortization
Comparables	Negative Cash Flow
Compound Interest	Net Income
Contiguous Space	Net Leasable Area
Contract Rent	Net Lease
Conversion Clause	Net Operating Income (noi)
Convey	Nominal Interest Rate
Cost Approach	Non-conforming Use
Cumulative Interest	Nonexclusive Mandate/listing
Date Of Appraisal	Nuisance
Date Of Registration	Obsolescence
Debt Coverage Ratio (dcr)	Occupancy
Debt Equity Ratio	Occupancy Permit
Debt Financing	Occupancy Rate
Debt Ratio	Offer To Purchase
Decentralised	Office Park
Deed Restriction	Operating Expenses
Deferred Interest	Option To Purchase Leased Property
Deterioration	Outbuilding
Development Rights	Overall Capitalisation Rate
Direct Capitalisation	Owner Occupied
Direct Costs	Parking Ratio
Discount Rate	Percentage Lease
Discounted Cash Flow Analysis	Potential Gross Income
Distressed Property	Prelease
Down Payment	Primary Lease
Due Diligence	Prime Rate
Economic Depreciation	Prime Space
Economic Life	Property Management
Effective Gross Income	Purchase Price
Efficiency Ratio	Purchaser
Encroachment	Qualified Buyer
Encumbrance	Rate Lock-in
Energy Efficient	Raw Land
Equity	Real Property
Escalator Clause	Redevelop
Evaluation	Redlining
Expense Ratio	Registrar
Fair Market Value	Registration
'far'	Remaining Economic Life
Fiduciary	Remodel
Final Value Estimate	Renewal Option
Financial Risk	Renovate
Financial Statement	Rent
Finder's Fee	Rental Concessions (tenant Incentives)
Firm Offer	Rental Rate
Fixed Expenses	Rent-free Period
Fixed Tenant Improvement Allowance	Replacement Allowance
Fixture	Replacement Cost
Flex Space	Reserve Price
Floating Rate	Residual Techniques
Floor Area	Restriction
Floor Area Ratio (far)	Reverse Leverage
Floor Plan	Reversion (rental)
Forced Sale	Reversion Factor
Foreclosure	Rezoning
Forward (income) Yield	Right Of First Refusal
Freehold	Right Of First Refusal
Frontage	Sale Agreement
Fully Amortizing Payment	Sale And Leaseback
Functional Obsolescence	Sales Comparison Approach
Functional Utility	Sandwich Lease
Gearing	Security Deposit
Graduated Lease	Self-amortizing Mortgage Loan
Grantee	Seller's Market
Grantor	Shell Lease
Gross Income	Soft Market
Gross Income Multiplier	Speculative Builder
Gross Leasable Area	Speculator
Gross Lease	Stamp Duty
Ground Lease	Subdivision
Ground Rent	Sublease
Guarantee	Supply And Demand
Hidden Amenities	Surface Right
High Rise	Take-up (absorption)
Highest And Best Use	Take-up Rate (absorption Rate)
Historical Cost	Tax Base
Holding Period	Tenancy
Hybrid Mortgage	Tenant Fixtures
Hypothecate	Tenant Improvement Allowance
Impound	Tenant Installation
Improved Land	Tenant Installation Allowance
Improvements	Time-sharing
Income Approach	Triple-net Lease
Income Property	Trust Deed
Incurable Depreciation	Turnkey Project
Independent Valuation/appraisal	Unencumbered Property
Indexed Lease	Upset Price
Industrial Park	Urban Renewal
Industrial Property	Urban Sprawl
Installment	Usable Area
Institutional Lender	Useful Life
Insurable Value	Vacancy Factor
Interest Payment	Vacancy Rate
Interest Rate Cap	Vacant Land
Interest Rate Ceiling	Vacant Space
Interest Rate Floor	Valuation
Interim Use	Variable Expenses
Internal Rate Of Return	Vendor
Investment Property	Warehouse
Jam Drops	Wear And Tear
Joint Ownership Agreement	Zoning Rights/conditions
Joint Venture