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Occupancy cost
Occupancy cost Charge to tenant, pursuant to its lease, such as rent, operating expense increases, parking charges, moving expenses, remodeling costs, etc.
RELATED TERMS--------------------------------------
Tenant
Any person in possession of real property with the permission of the owner.
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).
Rent
Compensation from tenant to landlord for the use of real estate.
SIMILAR TERMS--------------------------------------
Occupancy permit
A permit issued by the appropriate local governing body to establish that the property is suitable for habitation by meeting certain safety and health standards.
Occupational Safety and Health Act (OSHA)
Congress created OSHA under the Occupational Safety and Health Act, which was signed by President Richard M. Nixon on December 29, 1970. OSHA's mission is to prevent work-related injuries, illnesses and deaths.
PREVIOUS AND NEXT TERMS--------------------------------------
Obligatory advance
Any advance which, under the terms of the credit line deed of trust or other agreement, the secured party has legally obligated itself to make in the absence of a default, breach, or other such event.
Obligee
The person who will receive the outcome of an obligation.
Obligor
An individual who has engaged to perform an obligation to another person (i.e., obligee).
Obsolescence
Impairment of desirability and usefulness brought about by changes in the art, design or process or from external influencing circumstances that make a property less desirable and valuable for a continuity or use.
OCC
Percent occupancy of the motel, i.e.: number of rooms rented vs. the number of rooms available, calculated on a yearly percent basis.
Occupancy cost
Occupancy permit
A permit issued by the appropriate local governing body to establish that the property is suitable for habitation by meeting certain safety and health standards.
Occupational Safety and Health Act (OSHA)
Congress created OSHA under the Occupational Safety and Health Act, which was signed by President Richard M. Nixon on December 29, 1970. OSHA's mission is to prevent work-related injuries, illnesses and deaths.
Odd and even years
(Relating to Time-Shares) Timeshare ownership usage every other year - some odd-numbered, some even.
Offer
A proposal to purchase property at a specified price and terms.
Offer and acceptance
Two essential components of a valid contract; a "meeting of the minds."
This dictionary contains 6433 terms. |
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