Conclusion: Negotiating and Preparing a Letter of Intent (“LOI”) (Part 24)
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read moreUnamortized Cost: The actual cost of an asset or concession less the depreciation or amortization of such item, generally on a straight line basis (e.g., landlord’s work and/or a brokerage commission,…
read moreNet Absorption: The change in occupied space between the current measurement period and a prior measurement period. Net Effective Rent: The amount a landlord effectively receives from a tenant after…
read moreEarly Access: A provision in a lease allowing the tenant access to the space prior to receiving possession, without the payment of rent, during the latter part of landlord’s construction in…
read moreCapitalization Rate (a.k.a. “Cap Rate”): The rate of return on a real estate investment property based upon the income that the property is expected to produce. A capitalization rate can…
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