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

Agreement Of Sale

Real estate; Commercial

An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer. Definition: An agreement of sale constitutes the terms and conditions of sale of a ...

Operating lease is a contract wherein the owner, called the Lessor, permits the user, called the Lesse, to use of an asset for a particular period which is shorter than the economic life of the asset ...

Commencement Certificate

Real estate; Commercial

The certificate from the concerned authority allowing the builder for commencement of construction of the property is referred to as the certificate of commencement. Definition: The certificate ...

Overall Rate Of Return

Real estate; Commercial

Overall rate of return is the rate of return on the capital invested to purchase a real estate property. Definition: Overall rate of return (OAR) is the rate of return on the capital invested to ...

Vacancy Rate

Real estate; Commercial

Vacancy rate is the percentage of built space in the markets that are currently unoccupied or are available for rent. Definition: Vacancy rate is the percentage of built space in the markets that ...

Percentage Lease

Real estate; Commercial

Percentage lease is a type of lease in which the lessee pays a base rent plus a percentage of revenue generated from any business done in the same rental premise. Definition: Percentage lease is a ...