Commercial

Commercial

Commercial real estate is the use of property for the purpose of generating profit either through capital gain or rental income.

Industry: Real estate

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Commercial

Vertical penetration

Real estate; Commercial

Includes stairways, elevators, and vertically placed pipes and ducts that serve more than one tenant.

Loss factor

Real estate; Commercial

Usually calculated as a percentage, loss factor takes tenant's use of common areas into consideration, including elevator lobby and restrooms.

Turnkey

Real estate; Commercial

The landlord prepares property in terms of furnishing, maintenance and repairs before property is handed over to tenant to guarentee immediate usage and occupancy can occur.

Triple net

Real estate; Commercial

In addition to rental cost, tenant also has to financially cover operating expenses including insurance, taxes, and maintenance fees.

Acrynym for Common Area Maintenance, which maintains that tenants pay for the maintenance and upkeep of interior and exterior shared space, including restroom sanitation and supplies and parking lot ...

Fully serviced lease

Real estate; Commercial

A lease that states all of building's operating expenses, taxes, insurance, utilites, and maintenance fees are covered by landlord. It is agreed that the tenant only pays a predetermined fixed rental ...

Net lease

Real estate; Commercial

An agreement that some, most, or all expenses are paid by tenant. This type of lease can exclusively cover rental charge, excluding maintenance, insurance, utilities, and tax expenses. These ...