Assignee
May 18, 2014 10:14 pm Comments Off on AssigneeThe recipient of an assignment.
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Assignment
May 18, 2014 10:14 pm Comments Off on AssignmentA transfer of the rights of one party (“Assignor”) to another party (“Assignee”).
Attornment
May 18, 2014 10:15 pm Comments Off on AttornmentOften part of a subordination, non-disturbance, & attornment agreement, attornment is the agreement that the tenant will attorn, or recognize... View Article
Average Annual Effective Rate
May 18, 2014 10:15 pm Comments Off on Average Annual Effective RateThe average annual effective rent divided by the square footage.
Average Annual Effective Rent
May 18, 2014 10:16 pm Comments Off on Average Annual Effective RentThe tenant’s total effective rent divided by the lease term.
Balloon Payment
May 15, 2014 4:48 pm Comments Off on Balloon PaymentThe final payment of a balloon loan and is the balance due on a partially amortized loan.
Base Building
May 19, 2014 9:43 am Comments Off on Base BuildingAlso known as shell condition, the level of finish by which the landlord will deliver the space to tenant before... View Article
Base Rent
May 19, 2014 9:43 am Comments Off on Base RentThe specific contract amount of periodic minimum rent due to the landlord. The annual base rate is the amount upon... View Article
Base Year
May 19, 2014 9:44 am Comments Off on Base YearThe year by which all future operating expense and real estate tax escalations (i.e. pass-throughs) will be calculated for a... View Article
Basis
May 19, 2014 9:44 am Comments Off on BasisThe total amount paid for a property, including equity capital and the amount of debt incurred.