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Master Your Leasing Domain: B's

LeasingReality.com

Horizontales
Licensed professionals who represent buyers, sellers, landlords, and tenants in arranging real estate transactions for a commission or fee.
Any structure or part of a structure that is below the surface of the ground that surrounds it.
The year used in a lease for comparison in the measure of a business activity (the “breakpoint” for percentage rent payable to a landlord in some retail leases) or economic index
Coverage to protect an individual and/or entity’s insurable interest in fixtures, materials, and/or equipment used in the construction or renovation of a building or structure in the event those items sustain any loss or damage from a covered cause under the policy (e.g., fire, lightning, wind, theft or other destruction including vandalism).
A particular style and level of quality (and quantity in certain instances) of building materials, finishes, and accessories (e.g., paint, carpet, fixtures, lighting, flooring, doors, etc.) used by a landlord in a specific commercial building.
Verticales
The absolute minimal condition a space should either be delivered to a tenant at possession or returned to a landlord at lease termination
The agreement detailing the relationship between a landlord and a broker (or a tenant and broker) and the myriad of terms and conditions relating to if, when, how, by whom and at what rates a fee shall be paid to a brokerage company for the services conducted by it on a real estate transaction such as an executed lease or a closed sale of real property.
A set of laws enacted by federal, state, or local governmental or quasi-governmental agencies specifying the minimum standards that must be met in the construction and maintenance of space within a building and the building itself.
The minimum amount of payment as set out in a lease and is often referred to as “fixed rent.”