Glossary - Words and Terminology used in Commercial Property

TAKE-UP (ABSORPTION)
The rate, expressed as a percentage, at which avai ...see more

TAKE-UP RATE (ABSORPTION RATE)
The gross or net change in space leased between tw ...see more

TAX BASE
The pool of property, value or income from which a ...see more

TENANCY
The right to use and occupy all or part of a prope ...see more

TENANT FIXTURES
Items added to a leased premises by a tenant that ...see more

TENANT IMPROVEMENT ALLOWANCE
Improvements made to the leased premises by or for ...see more

TENANT INSTALLATION ALLOWANCE
A list of the building standard items that the lan ...see more

TIME-SHARING
A form of joint ownership of property where numero ...see more

TRIPLE-NET LEASE
A rental agreement which requires the tenant to pa ...see more

TRUST DEED
An instrument of conveyance of title to property w ...see more

TURNKEY PROJECT
The construction of a project in which a third par ...see more

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