Commercial Real Estate Vocabulary Review | Baamboozle - Baamboozle

English 16 Public

Commercial Real Estate Vocabulary

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#Real Estate

An initial up-front partial payment for the purchase of expensive items/services such as a car or a house

down payment

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When you beat the competition with your proposal for a project.

to win the bid

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The money that a landlord, an investor, or similar spends on making improvements to properties or rental premises

CAPEX

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A verb that refers to the point in time when something, let’s say a lease, comes to an end.

to expire

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An indicator that refers to the average duration of the leases signed by tenants.

WALT

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The most important tenant in a development.

anchor tenant

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When a person or organization declared in law as unable to pay their debts.

bankruptcy

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What is the "0" floor called in English?

the ground floor

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What is a covenant?

a promise or obligation that both the landlord and tenant agree to uphold during the lease term

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What is the outside part located inside a development called?

a courtyard

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What do we call the areas just outside of the city?

surrounding areas, outskirts

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When the government provides financial support to a sector.

to subsidize

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What does high end mean?

good quality

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When you illegally occupy a building.

to squat

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When something is old and not well-maintained it is...

run down

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The total area of the surface of a three-dimensional object.

the surface area

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