WotW

Word of the Week

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, it’s Word of the Week Wednesday again. Let’s take a look at full-service lease. A full-service lease is a lease that has an all-inclusive rental rate which includes both the base lease rental rate, utilities, janitorial costs and the operating expenses combined into one amount.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, welcome back to Word of the Week Wednesday! Let’s talk about covenant. A covenant is a written agreement or restriction inserted into deeds or other legal contract documents stipulating certain activities will or will not be allowed on the property.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, welcome back to Word or the Week Wednesday! Let’s begin with the phrase purchase and sale agreement, also known as a PSA. This type of agreement is between a seller and a buyer of real estate or investments that establishes several rights and obligations for both the seller and buyer.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, its Word of the Week Wednesday! Let’s take a look at lessee and lessor. In a lease agreement, the lessee (tenant) is defined as the party that pays for the use of the asset or property. The lessor (landlord) is the person that receives payments from the lessee in exchange for the usage…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, its Word of the Week Wednesday! Let’s take a look at ingress and egress. These two words refer to the same issue of rights. Ingress refers to the right to enter onto a property, while egress refers to the right to exit a property. The rights to enter or exit the property may…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Morning! It’s Word of the Week Wednesday again! Let’s look at grade level loading. Grade level loading refers to a loading door or entryway of an industrial property that is leveled to the ground or street. This type of loading door provides easy access for hand trucks, dollies or fork lifts for product to be…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning, its Word of the Week Wednesday! Let’s take a look at rentable area. Rentable area refers to the tenant’s usable square footage of a property alongside their portion of the building’s common area.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning and happy holidays! It’s Word of the Week Wednesday! Let’s take a look at dock high loading. This refers to a loading dock found in most industrial properties in which the standard height of the dock is 48 inches from the ground to the floor of a warehouse. These can be accomplished via…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning and happy New Year! It’s Word of the Week Wednesday, and it’s the last Wednesday of 2021! Let’s take a look at build-to-suit. Build-to-suit refers to a commercial space or building that is constructed to the client’s specifications and needs. The user of that space or building will have input on concept, design,…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning! It’s Word of the Week Wednesday. Let’s take a look at net operating income or NOI for short. NOI is the net income from a property that is gross revenues minus operating expenses, but before deducting capital expenditures, debt service, and taxes.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

It’s Word of the Week Wednesday again! Let’s introduce the phrase market rent. Market rent is the rent a typical tenant would pay for a comparable unit or suite in the same or comparable market. On a good note to remember, A landlord may compare the contract rental rates near their property to understand if…

CPR WORD OF THE WEEK

CPR WORD OF THE WEEK

Good Morning! It’s Word of the Week Wednesday. Let’s look at hard corner. A hard corner refers to a property located at a major intersection with traffic lights, where the commercial property can be considered more popular for retail.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

It’s Word of the Week Wednesday! Let’s take a look at clear height. Clear height is the height of a building starting from the ground floor to the bottom of the lowest hanging item on the ceiling. Hanging items include sprinklers, lights, structural beams, etc. 

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning! It’s Word of the Week Wednesday! Today let’s look at Real Estate Investment Trust, or “ REIT ” for short. REIT is a type of investment portfolio company that allows individual investors to own fractional shares of income producing and commercial real estate. For investors, using REIT’s may help generate a steady income…

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning and welcome back to Word of the Week Wednesday! Let’s look at Offering Memorandum; a presentation that provides the most prospective buyers with detailed information about a property on the market. This presentation would include building description,  demographics, summary of property’s history and more.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Good morning! It’s Word of the Week Wednesday. Lets take a look at Cold Shell. A cold shell refers to Any building that has no interior finishes, plumbing, lighting etc. The property is essentially bare, which provides greater opportunities for improvements and customization.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

It’s Word of the Week Wednesday again! Let’s introduce the phrase common area maintenance, or CAM. CAM refers to additional expenses paid by tenants meant to cover costs of daily operations of the property. The percentage of this fee is calculated by dividing tenant’s square footage by total square footage of the building.

CRE WORD OF THE WEEK

CRE WORD OF THE WEEK

Welcome back to Word of the Week Wednesday! Last week we discussed Common area maintenance expenses, to follow up, let’s look at Occupancy cost. This charge is the total expense any property user pays for occupying a property or space. This includes tenants that are leasing and property owners. Please note, occupancy cost does not…