CRE WORD OF THE WEEK

Good morning, its Word of the Week Wednesday! Lets take a look at special warranty deed. Special warranty deed is a deed in which the seller, also known as grantor, of a property only warrants against problems or encumbrances in the property title that occurred during the grantor’s ownership.

Good morning, its Word of the Week Wednesday! Let’s take a look at pro forma. Pro forma is a financial analysis forecasting a property’s cash flow using certain projections or presumptions. This can be estimated by using a combination of historical operating data growth assumptions and current market information.

Good morning, its Word of the Week Wednesday again! Let’s look at warm shell. Warm shell refers to any building that is minimally fitted with basic services that may include lighting, plumbing and HVAC. This makes the building ready to lease.

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…