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Commercial Real Estate Vocabulary Review
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The total area of the surface of a three-dimensional object.
the surface area
When something is old and not well-maintained it is...
run down
When you illegally occupy a building.
to squat
What does high end mean?
good quality
When the government provides financial support to a sector.
to subsidize
What do we call the areas just outside of the city?
surrounding areas, outskirts
What is the outside part located inside a development called?
a courtyard
What is a covenant?
a promise or obligation that both the landlord and tenant agree to uphold during the lease term
What is the "0" floor called in English?
the ground floor
When a person or organization declared in law as unable to pay their debts.
bankruptcy
The most important tenant in a development.
anchor tenant
An indicator that refers to the average duration of the leases signed by tenants.
WALT
A verb that refers to the point in time when something, let’s say a lease, comes to an end.
to expire
The money that a landlord, an investor, or similar spends on making improvements to properties or rental premises
CAPEX
When you beat the competition with your proposal for a project.
to win the bid
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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