The risk that a transaction will not be executed or consummated within the range of predetermined parameters or recent market prices.

The estimated or actual capitalization rate used to estimate the resale value of a property at the end of the holding period; calculated by dividing the expected net operating inco ...

A policy or legal clause that defines which expenses will be allocated to the property or fund or will be covered by the Manager under the Asset Management Fee.  

The ratio of expenses to gross income; a typical expense ratio is the relationship of normal expenses to effective gross income.

Costs which are paid back to a landlord by a tenant; generally includes property taxes, property insurance, maintenance and repair costs, and other operational expenses; at the end ...

The level (or maximum amount) up to which the landlord will pay certain operating expenses; amounts above the stop are the responsibility of the tenant.

An economic term that describes a third-party factor that has a positive or negative impact on an individual or firm where the third party factor has no direct control over the cre ...

The main exterior face of an improvement.

The rental obligation, expressed in dollars, as specified in a lease; also known as “contract rent” or “stated rent”.

The negative impact of fees on investment returns.