Glossary

F 800 450 Leasing REality | Commercial Real Estate Education

F

Façade: An exterior side of a building that is usually characterized as the front of the building. From an engineering perspective, the façade may have a significant impact on energy efficiency…

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E 800 450 Leasing REality | Commercial Real Estate Education

E

Early Access: A provision in a lease allowing the tenant access to the space prior to receiving possession, without the payment of rent, during the latter part of landlord’s construction in…

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D 800 450 Leasing REality | Commercial Real Estate Education

D

Dark Shell: See “Cold Shell.” Deed in Lieu of Foreclosure: A deed by which a borrower voluntarily gives title to real property to the bank (i.e. the mortgagee) in exchange for the…

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C 800 450 Leasing REality | Commercial Real Estate Education

C

Capitalization Rate (a.k.a. “Cap Rate”): The rate of return on a real estate investment property based upon the income that the property is expected to produce. A capitalization rate can…

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B 800 450 Leasing REality | Commercial Real Estate Education

B

Base Rent: Base Rent is the minimum or base amount of rent payment as set out in a lease and is often referred to as “fixed rent.” Generally stated, base…

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A 800 450 Leasing REality | Commercial Real Estate Education

A

Abatement: The reduction or elimination of a portion of rent during the lease term. Commonly referred to as “free rent,” “rent abatement” or a “rent concession.” An abatement may be…

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Real Estate Glossary 800 450 Leasing REality | Commercial Real Estate Education

Real Estate Glossary

Spare yourself countless internet searches by utilizing our extensive commercial real estate glossary. Instead of scouring the web, learn all the terms in a consistent style and voice. AllABCDEFGHIJKLMNOPQRSTUVWXYZ A…

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