Commercial Real Estate Terms
CRE Terminology
- 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”
- 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
- 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