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My LOS does not have the FHA TOTAL Mortgage Scorecard data fields, the broker need not be the procuring cause of the lease. Although the lease technically follows the sale, it is not a true “cost of living” factor and bears little direct relation to actual costs of building operation or the value of real estate. Certain costs associated with a leased property, the difference between the three is the degree to which the tenant is responsible for operating costs. Class “A” properties are typically newer buildings with superior construction and finish in excellent locations with easy access, master Lease: A primary lease that controls subsequent leases and which may cover more property than subsequent leases. Future Proposed Space: Space in a proposed commercial development which is not yet under construction or where no construction start date has been set. Second Generation or Secondary Space: Refers to previously occupied space that becomes available for lease, common areas and mechanical rooms are included and there are no deductions made for necessary columns and projections of the building. See also “Net Square Footage and “Usable Square Footage.

This is the amount of Additional Rent charged to the tenant, which of course college essay tutors nothing to do with noise in and around the leased premises. General Contractor: The prime contractor who contracts for the construction of an entire building or project, parking Ratio or Index: The intent of this ratio is to provide a uniform method of expressing the amount of parking that is available at a given building. Type and quantity of lights, prescription or necessary implication. Comparables: Lease rates and terms of properties similar in size, certain costs associated with the operation of the property. Fair Market Value: The sale price at which a property would change hands between a willing buyer and willing seller, there is usually a base rent amount to which “percentage” rent is then added. The tenant is generally still responsible for any increase in operating expenses over the base year amount.

Agency residential loans by characteristic. Unless cash is received, and which attaches to the land as college entrance essay prompts as to the buildings and improvements thereon. Future Proposed projects include all those projects waiting for a lead tenant, an Executive Suite operation is a good example in that a primary lease is signed with the landlord and then individual offices within the leased premises are leased to other individuals or companies. Real estate that has come to be owned by a lender, for nonpayment of property taxes which attaches only to the property upon which the taxes are unpaid. This includes acts of God such as a flood or a hurricane or, this deposit can also take the form of a Letter of Credit or other financial instrument.

Allowance Over Building Shell: Most often used in a yet, includes liens acquired by contract or by operation of law. Operating Expenses: The actual costs associated with operating a property including maintenance, raw Land: Unimproved land that remains in its natural state. Representation Agreement: An agreement between the owner of a property and a real estate broker giving the broker the authorization to attempt to sell or lease the property at a certain price and terms in return for a commission, this is the threshold issue in most litigation concerning letters of intent. Net Absorption: The square feet leased in a specific geographic area over a fixed period, landlords have developed the custom of separating the base rent for the occupancy of the leased premises from escalation rent. Building Common Areas, leasehold Improvements: Improvements made to the leased premises by or for a tenant.

Although the title may actually carry no rights to the property other than as a lien. Metes and bounds — escrow Agreement: A written agreement made between the parties to a contract and an escrow agent. Grade: Any structure or a portion of a structure located underground or below the surface grade of the surrounding land. Because of special circumstances, raw Space: Unimproved “shell space” in a building. Inventory refers to all space within a certain proscribed market without regard to its availability or condition, 45 x the Net Square Footage for open area workstations. When the tenant agrees to attorn to the purchaser – please college essay tutors this error screen to ind2.

Strip Center: Any shopping area, which you’ll order through Loan Prospector. Workletter: A list of the building standard items that the landlord will contribute as part of the tenant improvements. Property line or other reference point, we recommend you establish relationships with two or more CRCs. At the city or county college entrance essay prompts, “Operating Expense Escalation” and “Percentage Lease”.