Commercial Property in South Africa For Sale and To Let
Feb 10, 2025
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Glossary - Words and Terminology used in Commercial Property
P
PARKING RATIO
The intent of this ratio is to provide a uni ...
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PERCENTAGE LEASE
Refers to a provision of the lease calling for the ...
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POOL FACTOR
Outstanding mortgage pool principal divided by the ...
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POTENTIAL GROSS INCOME
The amount of money that a property will generate ...
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PRELEASE
Refers to space in a proposed building that has be ...
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PRIMARY LEASE
The main lease, under which other sub-leases exist ...
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PRIME RATE
The rate at which a clearing bank will lend ...
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PRIME SPACE
This typically refers to new or 'A-grade' space th ...
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PRINCIPAL AMOUNT
The amount borrowed (such as the face value of a d ...
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PROPERTY MANAGEMENT
A monthly fee paid to a management company in exch ...
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PURCHASE PRICE
The consideration paid for the purchase of a ...
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PURCHASER
The person who buys a property. ...
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