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Flex Space

May 19, 2014 10:55 am Published by Comments Off on Flex Space

Space that is flexible in terms of what it can be used for (for example, space that could be utilized... View Article

Floor Load

May 19, 2014 10:55 am Published by Comments Off on Floor Load

The amount of weight per square foot that the floor in a building can support.

Force Majeure

May 19, 2014 10:56 am Published by Comments Off on Force Majeure

A French term meaning “greater force”.  Often found in contracts, force majeure is a clause that can remove liability when... View Article

Foreclosure

May 19, 2014 10:56 am Published by Comments Off on Foreclosure

A legal process used by lenders to force the sale of a property on which a borrower has defaulted on... View Article

Free Rent

May 19, 2014 12:08 pm Published by Comments Off on Free Rent

See rent concessions.

Full Service Rent (or Full Service Lease)

May 19, 2014 12:09 pm Published by Comments Off on Full Service Rent (or Full Service Lease)

A type of lease where the rent is all-inclusive, meaning the landlord pays for utilities, real estate taxes, janitorial costs,... View Article

Fully Amortized Mortgage Loan

May 19, 2014 12:09 pm Published by Comments Off on Fully Amortized Mortgage Loan

A method of loan amortization in which equal periodic payments completely repay the loan.

Functional Feasibility

May 19, 2014 12:10 pm Published by Comments Off on Functional Feasibility

Considerations made in the site selection process which assist in the evaluation of site potential as defined in terms of... View Article

Functional Obsolescence

May 19, 2014 12:10 pm Published by Comments Off on Functional Obsolescence

A form or source of accrued depreciation considered in the cost approach to market value.  The reduced capacity of a... View Article

Future Value (FV)

May 19, 2014 12:11 pm Published by Comments Off on Future Value (FV)

The amount to which money grows over a designated period of time at a specified rate of interest.