|
Use the
Search Box for Commercial Real Estate Terms
|
|
|
|
Click a
letter to find Commercial Real Estate Terms
|
|
A |
B | C | D |
E | F |
G | H | I | J |
K | L | M |
N | O | P | Q |
R | S | T |
U | V | W | X |
Y | Z
|
|
|
|
Earnest money: The monetary advance of part of the purchase price
to indicate the intention and ability of the buyer to carry out the contract
Easement: A right created by grant, reservation, agreement,
prescription or necessary implication to use someone else's property
Economic feasibility: The feasibility of a building or project in
terms of costs and revenue, with excess revenue establishing the degree of
viability
Economic rent: The market rental value of a property at a given point
in time
|
Effective gross income (EGI): The total income from a property
generated by rents and other sources, less a vacancy factor estimated to be
appropriate for the property. EGI is expressed as collected income before
expenses and debt service.
Effective gross rent (EGR): The net rent generated, after adjusting
for tenant improvements and other capital costs, lease commissions and other
sales expenses
|
Effective rent: The actual rental rate to be achieved by the landlord
after deducting the value of concessions from the base rental rate paid by a
tenant, usually expressed as an average rate over the term of the lease
Eminent domain: A power to acquire by condemnation private property
for public use in return for just compensation. See
more on Eminent Domain.
Encroachment: The intrusion of a structure that extends, without
permission, over a property line, easement boundary or building setback line
Encumbrance: A right to, or interest in, real property held by
someone other than the owner that does not prevent the transfer of fee title
Environmental Impact Statement or Assessment: Documents required by federal and
state laws to accompany proposals for major projects and programs that will
likely have an impact on the surrounding environment
Equity: The residual value of a property beyond mortgage or liability
Escalation clause: A clause in a lease that provides for the rent to
be increased to reflect changes in expenses paid by the landlord such as
real estate taxes and operating costs
Escrow agreement: A written agreement made between an escrow agent
and the parties to a contract setting forth the basic obligations of the
parties, describing the money (or other things of value) to be deposited in
escrow, and instructing the escrow agent concerning the disposition of the
monies deposited
Estoppel certificate: A signed statement certifying that certain
statements of fact are correct as of the date of the statement and can be
relied upon by a third party, including a prospective lender or purchaser
Exclusive agency listing: A written agreement between a real estate
broker and a property owner in which the owner promises to pay a fee or
commission to the broker if specified real property is leased during the
listing period
|
Use the
Search Box for Commercial Real Estate Terms
|
|
|
|
Click a
letter to find Commercial Real Estate Terms
|
|
A |
B | C | D |
E | F |
G | H | I | J |
K | L | M |
N | O | P | Q |
R | S | T |
U | V | W | X |
Y | Z
|
|
|
|
|
