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Gross Lease
Gross Lease A lease of property whereby the landlord (i.e., lessor) pays for all property charges usually included in ownership.
RELATED TERMS--------------------------------------
Lease
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Landlord
One who rents property to a tenant.
Ownership
The right to possess and use property to the exclusion of others.
SIMILAR TERMS--------------------------------------
Gross building area
The sum of areas at each floor level, including basements, mezzanines and penthouses included within the principal outside faces of the exterior walls and neglecting architectural setbacks or projections.
Gross estimate
All money coming into a household on a regular basis.
Gross income
This is all the money, goods and property you receive during the year before you reduce it by using adjustments, deductions or exemptions.
Gross income multiplier
A figure used as a multiplier of the gross annual income of a property to produce an estimate of the property's value.
Gross investment in real estate (historic cost)
The total amount of equity and debt invested in real estate investments, including the gross purchase price, all acquisition fees and costs, plus subsequent capital improvements, less proceeds from sales and partial sales.
Gross leasable area
The portion of total floor area designed for tenants' occupancy and exclusive use, including storage areas. It is the total area that produces rental income.
Gross operating income
The result when other income is added to rental income.
Gross real estate asset value
The market value of the total real estate investments under management in a fund or individual accounts.
Gross real estate investment value
The market value of real estate investments held in a portfolio without regard to debt, equal to the total of real estate investments as shown on a statement of assets and liabilities on a market-value basis
Gross rent multiplier (GRM)
The figure used as a multiplier of the gross monthly income of a property to produce an estimate of the property's value.
Gross rental income
Gross receipts for the rental of income property.
Gross returns
Returns generated from the operation of real estate without dilution for adviser or manager fees
Gross scheduled income
The maximum amount of rent if the property were 100 percent occupied.
Gross up
Adjustment made to operating expenses to reflect occupancy levels in a building.
PREVIOUS AND NEXT TERMS--------------------------------------
Gross estimate
All money coming into a household on a regular basis.
Gross income
This is all the money, goods and property you receive during the year before you reduce it by using adjustments, deductions or exemptions.
Gross income multiplier
A figure used as a multiplier of the gross annual income of a property to produce an estimate of the property's value.
Gross investment in real estate (historic cost)
The total amount of equity and debt invested in real estate investments, including the gross purchase price, all acquisition fees and costs, plus subsequent capital improvements, less proceeds from sales and partial sales.
Gross leasable area
The portion of total floor area designed for tenants' occupancy and exclusive use, including storage areas. It is the total area that produces rental income.
Gross Lease
Gross operating income
The result when other income is added to rental income.
Gross real estate asset value
The market value of the total real estate investments under management in a fund or individual accounts.
Gross real estate investment value
The market value of real estate investments held in a portfolio without regard to debt, equal to the total of real estate investments as shown on a statement of assets and liabilities on a market-value basis
Gross rent multiplier (GRM)
The figure used as a multiplier of the gross monthly income of a property to produce an estimate of the property's value.
Gross rental income
Gross receipts for the rental of income property.
This dictionary contains 6433 terms. |
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