A capitalization technique that uses the ratio between the sale price of a property and its potential gross income or its effective gross income; may be multiplied against the inco ...

The total area rented to tenants, including basements and mezzanine and intermediate-floored tiers; measured from the outside wall surface to the center of interior partitions.

A commercial lease where the tenant pays a base rent and the landlord pays for all operating expenses related to the tenant’s occupancy of the space such as common area maint ...

An estimated value of the total worth of production and services, by citizens of a country, on its land or on foreign land, calculated over the course on one year.

A conscious and voluntary disregard of the need to use reasonable care, which is likely to cause foreseeable grave injury or harm to persons, property, or both; conduct that is ext ...

The factor by which gross rent is multiplied in order to obtain an estimate of value or the ratio between sale price and potential gross income (PGI) or effective gross income (EGI ...

The gross leasable area minus storage and work areas.

A lease of the land only; usually the land is leased for a relatively long period of time to a tenant that constructs a building on the property; separates ownership of the land fr ...

Rent paid to the owner for use of land, normally on which to build a building; generally, the arrangement is that of a long-term lease (such as, 99 years) with the lessor retaining ...

A person or firm that promises performance or payment of the obligations of another; one who makes a guarantee or guaranty.