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Glossary

 
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Glossaries

Term Definition
building standard
The fit and finish level of a building, or starting point for any buildout between new tenant and landlord
Bulk Sale
Transfer process for an asset sale which ensures that buyer of the assets is getting good title.
Buy-Sell Agreement
A document to establish a succession plan and protocol.
Capitalization Rate
A percentage calculation reflecting a return on investment.
cash for keys
A program or policy by which a new land owner will offer cash in order to quickly take possession of a property under the possession of squatters.
certificate of trust
A document used to maintain confidentiality but provide important evidence of a trust's existence to a bank or other financial institution.
chattel
Personal Property (as opposed to real property)
Choice of Law
A contract provision limited what jurisdiction's laws would apply.
codicil
An amendment to a will.
commercial general liability insurance
Insurance intended to protect against personal injury and other such claims
Common Area Maintenance
A tenant's responsibility to maintain its proportionate share of areas commonly serving all tenants.
community property
A form of title which generally ensures a higher basis for a surviving spouse
conservatorship
A court proceeding where a judge appoints a caretaker for an adult that is unable to care for him or herself.
consumer price index
A rating comparing, time period over time period, retail prices of goods.
corporation
an entity and form of doing business that is separation from the individual(s) running the business.