LEASEES
Square Footage
Characteristics of RE Investment
Cash/Income
Misc
100
lease in which the rent changes from period to period over the lease term
What is Graduated Lease
100
equals the entire space including the usable square footage and the tenant's pro rata share of the building's common areas
What is Rentable Square Footage
100
the use of borrowed funds
What is Leverage
100
Income received with-out deducting expenses
What is Gross Income
100
Is a long term lease of unimproved land, usually for construction purposes
What is Ground Lease
200
A method of determining rent on long-term leases. The rent is tied to an index
What is Index Lease
200
Space that is covered by carpet or flooring
What is Carpetable Area
200
Process that calculates the value of an asset in the past, present, or future.
What is Time Value of Money
200
Mortgage Principal and interest payments
What is Debt Service
200
The annual return that an investor expects to receive. It is the primary method to estimate the present value of income-producing properties.
What is Capitalization Rate
300
Call for increased cost to the tenant for different reasons at specified times during the lease term
What is Lease Escalation Clause
300
tenant cost per square foot after all concessions are considered
What is Effective Rent
300
Relates Net operating income to the investment
What is Rate of Return
300
Result of deducting operating expenses from Gross Income
What is Net Operating Income
300
Lobby, Elevators, Corridors, Restrooms,
What is Common Areas
400
Provides for the landlord to pay all expenses
What is Gross Lease
400
Difference between the rentable and usable area in a commercial space
What is Loss Factor
400
The ______ the risk of loss, the _______ potential rate of return.
Greater, Greater / Bigger, Bigger
400
is the profit from income-producing property, less income taxes if any, attributable to the property's income
What is After Tax Cash Flow (ATCF)
400
Transaction in which the sale proceeds fall short of the balance owed on the property
What is Short Sale
500
The tenant pays some or all of the expenses
What is Net Lease
500
the area contained within the space that the tenant occupies
What is Usable Sq Footage
500
What is the term that describes how easily an asset can be transferred into cash.
What is Liquidly
500
The term describes some of the advantages of real estate investments
What is Tax Shelter
500
___1___ is connected to the utility company. ___2____ the building owner buys electric service from the public utility service.
1 - Direct Meter 2 - Submeter
M
e
n
u