CARR's Commercial Real Estate Glossary

Commercial real estate is abundant with concepts and terms that most healthcare providers are not familiar with when it comes to contracts and negotiations. The information below will help you prepare for your next commercial real estate transaction.

WHAT IS A NNN (TRIPLE NET) LEASE?

WHAT IS THE LEASE / RENT COMMENCEMENT DATE?

WHAT IS RENTABLE SQUARE FOOTAGE? | WHAT IS RSF?

WHAT IS USABLE SQUARE FOOTAGE? | WHAT IS USF?

WHAT IS THE DIFFERENCE BETWEEN A COLD GREY SHELL AND A WARM VANILLA SHELL?

WHAT IS SHELL SPACE?

WHAT IS A DEMISING WALL?

WHAT DOES FFE OR FF&E STAND FOR?

WHAT IS A FULL SERVICE LEASE?

WHAT IS A BASE YEAR? | WHAT IS AN EXPENSE STOP?

WHAT IS AN ESCALATION CLAUSE / ANNUAL INCREASE?

WHAT IS EARNEST MONEY?

WHAT IS AN ESTOPPEL CERTIFICATE / AGREEMENT?

WHAT IS A RIGHT OF FIRST REFUSAL TO PURCHASE?

WHAT IS A RIGHT OF FIRST REFUSAL TO LEASE?

WHAT DOES HVAC STAND FOR?

WHAT IS AN LOI? | WHAT DOES LETTER OF INTENT MEAN?

WHAT IS A PARKING RATIO?

WHAT IS A RENEWAL OPTION?

WHAT IS A SECURITY DEPOSIT?

WHAT IS AN RFP? | WHAT IS A REQUEST FOR PROPOSAL?

WHAT IS DEPRECIATION?

WHAT IS A SUBORDINATION AGREEMENT?

REAL ESTATE CONCESSIONS

WHAT IS A BUILD TO SUIT?

WHAT DOES TENANT IMPROVEMENT ALLOWANCE / TI MEAN?

WHAT DOES EFFECTIVE RENT MEAN?

WHAT IS A DENTAL ADVISOR?

The information on this website is provided for informational purposes only and does not constitute and should not be construed as legal, tax, or other advice on any subject matter. You should not act or refrain from acting based on the information on this website without first seeking the advice of a qualified legal, tax, or other professional. CARR, Inc. is not a law firm and does not provide legal or tax advice.