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Master Your Leasing Domain: G's

LeasingReality.com

Horizontales
A type of commercial lease in which the landlord pays for the building’s property taxes, insurance, and maintenance and allows the tenant to pay a flat fee in exchange for use of the property
a clause that grants a tenant the right to cease operations at a leased space while still being obligated to pay rent to its landlord
The total area of a building with a finished interior, including but not limited to below grade living space as well as interior stairways, hallways, storage rooms and laundry rooms
The common set of standards, rules, procedures, and principles accepted by professionals in the accounting industry
Verticales
An agreement whereby one or more of the principals of a corporate or LLC tenant will guarantee to the landlord that it will pay all base and additional rent payments provided for under the lease up until the day the space is surrendered to the landlord
A phrase commonly utilized in contracts relating to the condition that a particular system or item must be in at a certain time (i.e., an HVAC system), generally when a tenant takes possession of a leased space
An agreement whereby a tenant leases the fee interest (i.e., the land) owned by a landlord permitting the tenant to (1) develop a particular property on the land or (2) lease the land upon which the building the tenant owns is situated on
A person or entity that agrees to be responsible for another’s debt or performance under an agreement