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Master Your Leasing Domain: N's & O's

LeasingReality.com

Horizontales
The actual square-footage of a building that can be leased to a tenant
The amount a landlord effectively receives from a tenant after taking into account all concessions granted to the tenant
A lease in which the tenant pays all costs associated with operating the property in addition to the rent
A provision granting the tenant a rent abatement and/or the option to terminate the lease if the landlord does not deliver the space to the tenant as required under the lease by a set date
The change in occupied space between the current measurement period and a prior measurement period
Verticales
In the context of a commercial lease, an agreement wherein landlord and tenant agree to keep information contained in the lease
A provision found in a lease pertaining to the tenant’s creation of noise and vibrations in the premises and the amount of noise and vibrations permitted in the rented premises
A provision within a lease which provides that as the building operating expenses increase above what they were in the base year of lease, the tenant agrees to pay its pro rata share of those increased expenses
Sometimes referred to as an exclusive use clause, it is a clause that prevents a landlord from leasing space in the premises to a competitor of the tenant.
The percentage of space in a building that is occupied in relation to all leasable space in such building