Glossary - Words and Terminology used in Commercial Property

BASE RENT
The set rent payable by a tenant under a lease, to ...see more

BEFORE-TAX CASH FLOW
Gross amount of money available for the use of the ...see more

BELOW-MARKET INTEREST RATE (BMIR)
A subsidised interest rate on a mortgage or loan, ...see more

BETTERMENT
The improvement of real estate that results in a r ...see more

BID
An offer of a certain amount for consideration. ...see more

BILL OF SALE
A document that transfers title of an asset from a ...see more

BLANKET MORTGAGE
A blanket mortgage is a mortgage where one loan is ...see more

BLENDED RATE
A blended rate is created when an old loan is refi ...see more

BOND
Definition 1. A sum of money paid into court as an ...see more

BORROWER (MORTGAGOR)
The person or company that receives money from a l ...see more

BROKER
An intermediary who brings parties together for a ...see more

BUILD TO SUIT
This is an offer by a landowner to develop the lan ...see more

BUILDING GRADES OR CLASSIFICATIONS
Building classifications in most markets refer to ...see more

BUILT TO TENANT REQUIREMENTS
This is when a landlord builds a purpose b ...see more

BULK SALES ESCROW
A type of escrow agreement placed on the sale of&n ...see more

BUY-BACK AGREEMENT
A contract between a purchaser and vendor in which ...see more

BUYER'S MARKET
A condition of the property market where there are ...see more

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