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Master Your Leasing Domain: The A's

LeasingReality.com

Horizontales
The major or principal tenant serving as the primary draw to a shopping center or building.
The setting of a value on property, usually for the purpose of calculating real property taxes.
The yearly cost of credit, including the interest and fees, expressed as an interest rate.
Rights granted to a tenant and landlord in a lease to object to and/or review calculations provided by the other party
The agreement and acknowledgment to “become the tenant” of a new landlord for the building (e.g., in the case of the current landlord’s mortgage being foreclosed) or to the owner of the same property
Verticales
The process of spreading out the deduction – often on a straight line basis – of capital expenses, loans, free rent concessions
A standard often requested by tenants in a lease requiring that HVAC shall be provided to a tenant’s space at minimum specified standards to maintain year round comfort
The reduction or elimination of a portion of rent during the lease term
The amount of inventory of leasable space that became leased during a particular time period in a specific market
A transfer by a tenant of its entire interest in the lease and the premises to another party.