Glossary - Words and Terminology used in Commercial Property

RATE LOCK-IN
A written agreement in which the lender guarantees ...see more

RAW LAND
Property that has not been developed or improved. ...see more

Real Estate
Land, property, plus improvements to land. ...see more

REDEVELOP
To remove existing improvements and buildings on a ...see more

REDLINING
Term to describe a lending institutions refusal to ...see more

REGISTRAR
The person who has the task of collecting, recordi ...see more

REGISTRATION
The submission for recording in the public records ...see more

REMAINING ECONOMIC LIFE
The estimated period during which improvements wil ...see more

REMODEL
To refurbish, redesign, redecorate. ...see more

RENEWAL OPTION
A right which arises out of a term in a contract a ...see more

RENOVATE
Similar to remodel, with an emphasis on upgrading ...see more

RENT
1. Noun -- the periodic payments made by a tenant ...see more

RENT-FREE PERIOD
An inducement to enter a lease, a specified number ...see more

RENTAL CONCESSIONS
Concessions a landlord may offer a tenant in order ...see more

RENTAL RATE
The amount charged for the occupation of a propert ...see more

REPLACEMENT ALLOWANCE
An allowance that provides for the periodic replac ...see more

REPLACEMENT COST
The estimated cost to construct, at current prices ...see more

RESERVE PRICE
The amount set prior to an auction which must be m ...see more

RESIDUAL TECHNIQUES
Procedures used to capitalize the income allocated ...see more

RESTRICTION
Any limit or control on the owner's ability to use ...see more

REVERSE LEVERAGE
A term for the situation where the income from own ...see more

REVERSION (RENTAL)
The adjustment of rentals to market rentals, eithe ...see more

REVERSION FACTOR
A compound interest factor that is used to discoun ...see more

REZONING
The amendment of the classification of a property ...see more

RIGHT OF FIRST REFUSAL
The ability to make an offer for a property before ...see more

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