Commercial Real Estate Definitions

Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from A to M.

Commercial Terms

According to Value: The value of the property when computing property taxes.

Build to Suit: A customized design and build approach for a single tenant space usually resulting in a single occupant building which is then leased or sold to the tenant.

Certificate of Occupancy: Issued by a city building department and is a necessary requirement prior to moving into the space.

Common Area Maintenance: Typically an annual charge assessed to tenants based on their percentage of occupancy


SEIZED PROPERTIES AT 90% OFF MARKET VALUE! FIND ONE FOR YOURSELF...

Click here for more info!


to pay for maintenance of parking lots, bathrooms and open areas.

Demising Wall: A wall between two separate suites in a building with multiple tenants. In many states, the demising wall must meet specific fire safety standards.

Flex Space: A building providing mixed-use space such as an area combining an office and warehouse.

Gross Square Feet: Usually refers to gross footage of a building. GSF is typically arrived at by calculating the footage from the outside of exterior walls multiplied by the vertical footage.

HVAC: Refers to the climate control systems for a building including heating and air conditioning.

Mechanic's Lien: A legal claim typically

TODAY'S NEWS:

MIAMI (AP) - Max Rameau delivers his sales pitch like a pro. "All tile floor!" he says during a recent showing. "And the living room, wow! It has great blinds." But in nearly every other respect, he is unlike any real estate agent you've ever met. He ...

MOSCOW (AP) -- A few hundred people have demonstrated in the Russian capital to protest an attack on a crusading journalist. Rights activists and opposition politicians joined colleagues and friends of Mikhail Beketov at Sunday's protest in Moscow ...

NEW YORK (Associated Press) -- Ivana Trump has issued a statement confirming reports of marital discord with Italian entrepreneur Rossano Rubicondi. Trump, who married Rubicondi in April, says she filed a legal separation agreement three months ago ...


filed by a subcontractor to obtain payment for services rendered. The claim arises under state law and is dependent on each states particular law.

Unlike residential real estate, commercial real estate is primarily considered a business transaction. Learn the terms and you're well on your way to moving smoothly through the process.
About the Author

Dan Lewis is a mortgage broker with http://www.gwhomeloans.com - San Diego mortgage brokers providing home loans and refinances. Visit http://gwhomeloans.com/services.html to learn more about options for San Diego mortgages.


More Great Articles:

Real Estate Training Guide - How To Become A Successful Real Estate Agent
Real estate training is essential for the people who want to become...

Resources for Online Real Estate Courses
You've made the decision to move ahead in the real estate world and...

The Language of Real Estate Investing: Use the "F" Words to Succeed
If you're new to real estate investing, you probably haven't figured...

Real Estate Exchange Tips
Exchange is a program that allows the owner of a certain...

Sitemap

Arizona Real Estate: Real Estate With High Appreciation Levels
Investing for a real estate is quite a risky business. It entails...

Why Real Estate Investment?
Why should you invest in real estate? Well, investing in real...

Categories of Real Estate Investment
Below are ten categories of real estate, and different ways...

Virginia Real Estate - Living in History
Virginia has played a central role throughout the history of the...

Click Here For More Info!