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Commercial Real Estate Terms and Definitions |
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| A B C D E F G H I J K L M N O P Q R S T U V W X Y Z |
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| Attorment - A lease provision whereby the Tenant agrees, in advance, to accept and pay rent or other required payments to a new Landlord or legal owner of the property.
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| Add-On Factor - Often referred to as the Load Factor or Loss Factor, it represents the tenant's pro-rata share of the Building Common Areas, such as lobbies, public corridors and restrooms. It is usually expressed as a percentage which can then be applied to the usable square footage to determine the rentable square footage upon which the tenant will pay rent. For example: Assume you know there is 1,000 usable square feet (USF) and a 15% add-on factor. Your rentable square feet (RSF) would be 1,150 RSF.
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| Assignment - The ability to transfer the office space and all obligations of the lease document to another party (individual or entity). If your company has the potential of getting bought out it's important that you ensure you have this right.
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| Acre - A measure of land equal to 43,560 square feet. |
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| Anchor Tenant - This term Typically applies to large office and retail Tenants. Generally, it does not make financial sense for a Landlord to turn the lights on in a new building until they have secured an anchor tenant (typically a tenant with 10,000 sf or more). A well-known commercial retail business such as a national chain store or regional department store strategically placed in a shopping center can help generate the most customers for all of the stores located in the shopping center. |
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| A B C D E F G H I J K L M N O P Q R S T U V W X Y Z |
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| We Locate And Negotiate Commercial Space On Your Behalf: |
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