Commercial Real Estate Terms

• Abandonment
• Abstract (Of Title)
• Acceleration Clause
• Acceptance
• Accredited Investor
• Acknowledgment
• Acquisition Fee 
• Acre
• Addendums
• Adverse Possession
• Agency
• Agency Disclosure
• Agent
• Agreement of Sale
• Alienation Clause
• Amortization
• Apartment Syndication
• Appraisal
• Appreciation 
• Asking Price
• Assessed Value
• Assessment
• Assessor
• Asset Management Fee 
• Assignment
• Assumption of Mortgage
• Attachment
• B
• Balloon Payment
• Bill of Sale
• Binder or “Offer to Purchase”
• Blanket Mortgage (Trust Deed)
• Bond
• Breach (of Contract)
• Breakeven Occupancy 
• Bridge Loan 
• Broker, Real Estate
• Broker’s Commission
• Building Code
• Built-Ins
• Buyer Broker
• Buyers’ Market
• C
• Capital Expenditures
• Capital Gains
• Capitalization
• Capitalization Rate
• Cash Flow
• Cash-on-cash (CoC) return
• CCIM
• Certificate of Title
• Chain Of Title
• Closing
• Closing Costs
• Closing Date
• Closing Statement
• Co-Op Housing
• Commission
• Commitment Letter
• Common Area
• Community Property
• Comparative Market Analysis (CMA)
• Concessions 
• Condemnation
• Conditional Sales Contract
• Condominium
• Consideration
• Construction Loan
• Construction Loan
• Contingency
• Contingency
• Contract
• Contractor
• Conventional Mortgage
• Conveyance
• Counteroffer
• Covenants
• Credit Report
• Credit Score
• Debt Service
• Debt Service Coverage Ratio (DSCR)
• Deed
• Default
• Distributions 
• Down Payment
• Earnest Money
• Easement Rights
• Economic Obsolescence
• Employee unit 
• Encroachment
• Encumbrance
• Equity
• Escalation Clause
• Escheat
• Escrow
• Escrow Account
• Estate
• Exclusions
• Exclusive Buyer Representation
• Executed Contract
• Exit Strategy 
• Expiration Date and Time
• Extensions
• Fair Market Value
• Fee Simple
• Fiduciary Duties
• Financing Acceptance Deadline
• Financing fees 
• Fixed Rate Loan
• Fixtures
• Foreclosure
• Front Footage
• FSBO (For Sale By Owner)
• Functional Obsolescence
• General Partner
• General Warranty Deed
• Good Faith Estimate
• Grantee
• Grantor
• Gross Potential Income 
• Ground Lease
• Hard Credit Report –
• Hazard Insurance –
• Homeowners Association –
• HUD
• Inclusions
• Inspections
• Interest
• Interest-Only Payment
• Interest Rate 
• Involuntary Lien
• Joint Tenancy
• Lease
• Lease with Option to Purchase
• Legal Description
• Lessee
• Lessor
• Lien
• Life Estate
• Listing
• Listing Agent
• Living Trust
• Loan Fee
• Loan Guaranty Fee 
• Loan Originator
• Market Analysis
• Marketable Title
• Mechanic’s Lien
• Metropolitan Statistical Area (MSA)
• Model unit 
• Mortgage
• Mortgage Commitment
• Mortgage Contingency
• Mortgagee
• Mortgagor
• Multiple Listing
• Multiple Listing Service
• Net Operating Income
• Notary Public
• Note
• Offer
• Offer to Purchase Agreement
• Offering Memorandum
• Operating Agreement
• Option
• Origination Fee
• Permanent Agency Loan 
• Personal Property
• Physical Occupancy Rate
• PITI
• Plot
• Pre-approval
• Preferred Return
• Prepayment
• Prepayment Penalty
• Prequalifying
• Principal
• Private Mortgage Insurance (PMI)
• Private Placement Memorandum (PPM)
• Pro-Forma 
• Profit and Loss Statement 
• Promissory Note
• Property Classes
• Property Management Fee 
• Property Tax and Insurance Escrow
• Purchase and Sale Agreement
• Ratio Utility Billing System (RUBS)
• Real Estate
• Real Estate Agent
• Real Estate Broker
• Real Estate Salesperson
• Realtor
• Recording Deed
• Refinance
• Refinancing Fee 
• Rent Comparable Analysis 
• Rent Premium
• Rent Roll 
• Representation Agreement
• Restrictive Covenants
• RREI
• Sales Agreement – See Agreement of Sale.
• Seller Representation
• Seller’s Market
• Setback
• Smoke Detector Certificate
• Soft Credit Report
• Sophisticated Investor
• Special Assessments
• Special Conditions
• Special Lien
• Special Warranty Deed
• State Stamps
• Sub-agent
• Subject Property
• Submarket 
• Survey
• Tax
• Term
• Terms and Conditions
• Title
• Title Insurance
• Title Search or Examination
• Title V Examination
• Trustee
• Underwriter
• Underwriting 
• Undisclosed Dual Agency
• Vacancy Loss
• Vacancy Rate 
• Variable Interest Rate
• Voluntary Lien
• Walk-through
• Warranties and Representations
• Wrap-Around Mortgage
• Zoning Ordinances