What does LED mean in commercial real estate?
What does LED Stand for with regards to commercial property? For some facility managers, it stands for $26,282* of savings per year on commercial industrial lighting, electricity, and maintenance. Energy bills to a business are like the plaque on teeth. It builds up slowly over time.
What does Char mean in real estate?
A modified gross lease is a type of real estate rental agreement where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
What does GRS mean in real estate?
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What does CM mean in real estate?
Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.
What does PRS stand for in commercial real estate?
Tenant’s Share may also be referred to as Tenant’s Proportionate Share, Pro Rata Share or simply PRS. It represents the percentage of the Defined Area that is occupied by a particular tenant.
What does CoStar stand for?
CoStar Group provider of commercial real estate information, marketing and analytic services. CO-STAR, an iterative method for innovation management, the acronym standing for: Customer, Opportunity Solution, Team, Advantages and Results.
What does a house has character mean?
A property with character is a property that has a unique architectural style and design that makes it stand out from the rest. … Often, some of the best real estate agents near you have character traits that are essential for success and set them apart from other agents.
What does base year stop mean?
An expense stop is a contractual provision that protects the property owner from rising expenses over the lease term. In such a case, the property owner typically agrees to pay all of the operating expenses in the first year of the lease, this is known as the “base year amount” and it sets the expense stop.
What does NBSP mean in real estate?
Non-breaking spaces are just what they sound like — spaces where a line break will not occur. You should not use them to add space between words, sentences, or elements.
What is DA in real estate?
What Is a Disbursement Authorization (DA)? Most state real estate boards will allow a Market Center to present a DA to the closing entity and have the closing entity disburse the broker’s funds at the closing table.