Opportunity Cost
May 19, 2014 6:51 pm Comments Off on Opportunity CostThe cost of selecting one alternative is the benefit foregone from the next best alternative. Also see discount rate.
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Option to Cancel (or Right to Terminate)
May 19, 2014 6:53 pm Comments Off on Option to Cancel (or Right to Terminate)A lease clause affording the tenant (and in some cases the landlord) the right to terminate the lease in accordance... View Article
Option to Contract (or Right to Contract)
May 19, 2014 6:54 pm Comments Off on Option to Contract (or Right to Contract)A lease clause giving the tenant the option to reduce its square footage and give a portion of its space... View Article
Option to Expand
May 19, 2014 6:55 pm Comments Off on Option to ExpandA lease clause allowing the tenant the option to increase its square footage. Typically this clause defines the exact date(s)... View Article
Original (or Cost) Basis
May 19, 2014 6:55 pm Comments Off on Original (or Cost) BasisThe total amount paid for a property, including equity capital and the amount of debt incurred.
Outlet Center
May 19, 2014 6:56 pm Comments Off on Outlet CenterA retail property type usually located in rural or occasionally in tourist locations, outlet centers consist mostly of manufacturers’ outlet... View Article
Overage Rent
May 19, 2014 6:57 pm Comments Off on Overage RentSee percentage rent.
Oversupply
May 19, 2014 6:57 pm Comments Off on OversupplyIn reference to commercial real estate, oversupply is a stock or supply of a given commercial property type that is... View Article
Owner’s Moving Expense
May 19, 2014 6:58 pm Comments Off on Owner’s Moving ExpenseSee moving allowance.
Partially Amortized Mortgage Loan
May 19, 2014 6:58 pm Comments Off on Partially Amortized Mortgage LoanThe payments do not repay the loan over its term and thus a lump sum (balloon) is required to repay... View Article