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Master Your Leasing Domain: S's

LeasingReality.com

Horizontales
A clause that outlines the rights of a tenant in regards to the ability to place signs on its premises, the building and/or the property
The alternative space a landlord provides a tenant when relocating a tenant’s space during the term of the lease
an expense not considered to be a direct “hard” construction cost
A two dimensional representation of a building that detailing not only the space available on each floor of the building, but just as importantly, all occupied space in a building and the lease expiration date for such spaces
A space premises that is unfinished, generally only having the structural portions complete, and as such will require the construction of improvements by the tenant prior to the tenant being able to operate its business in within the space
Alterations or improvements that go beyond “ordinary” alterations
An agreement wherein a tenant leases all or a part of its space during the term of its lease to a third party
Verticales
States that after a specified period of time or as of a certain date, the effect of a particular lease provision is no longer considered in full force and effect
Where the owner of a building purchases electric current or water for the entire building and charges the tenant, based on landlord’s actual cost or quite often on a cost standard higher than landlord’s actual cost, for its consumption
A clause which states that when a landlord’s mortgage is foreclosed on by its lender or a ground lease against the building is terminated by a ground lessor due to a landlord’s uncured default, then the lender or the ground lessor have the option to recognize the lease and have the tenant attorn to it, or alternatively, terminate the lease
A provision that may be included in a restaurant or other retail lease granting the tenant permission, subject to certain conditions and restrictions, to operate its business on the adjacent sidewalk
A real estate sales transaction in which the owner of a property sells the property to a buyer, and after the closing of title to the property, the seller then leases back all or a portion of such property from the purchaser
A document wherein the lender will agree that the tenant’s occupancy will remain undisturbed (and as such its lease not terminated), notwithstanding the foreclosure of the landlord’s mortgage or termination of the landlord’s ground lease.