The areas of a building (and its site) that are available for the nonexclusive use of all its tenants, such as lobbies, corridors, and parking lots.

Charges paid by a tenant for the upkeep of areas designated for use and benefit of all tenants; tenants usually pay as determined by a negotiated agreement or the tenant’s pr ...

Recently sold properties that are similar in important respects to a property being appraised; the sale price and the physical, functional, and locational characteristics of each o ...

A series of policies and processes that an investment advisor implements to meet requirements specified by the Securities and Exchange Commission.

The federal Superfund program, administered by the US Environmental Protection Agency (EPA) is designed to investigate and cleanup sites contaminated with hazardous subst ...

A benefit given by a buyer, seller, landlord or tenant in order to help facilitate a real estate transaction; can be given in both residential and commercial real estate, and are o ...

The process of taking private property, without the consent of the owner, by a governmental agency for public use through the power of eminent domain.

The financial intermediary that functions as a link between the lender(s) originating loans and the ultimate investor(s).

Certain class rights that require certain pre-defined actions that cannot be undertaken by a company or fund without the approval of the holders of a majority (or other specific pe ...

A guarantee granted by a project sponsor or a contractor to ensure a development project will achieve final completion; In the case of the project sponsor:  an agreement to pr ...