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Lease Renewal Option

A clause allowing the tenant to extend the lease for additional terms.

by Sukhumalin  July 11, 2025

Security Deposit

Money held by the landlord to cover potential tenant damages or unpaid rent.

by Sukhumalin  July 11, 2025

Rent Abatement

A reduction or waiver of rent payments, often offered during repairs or lease negotiations.

by Sukhumalin  July 11, 2025

Base Rent

The minimum rent due before additional costs like taxes or maintenance.

by Sukhumalin  July 11, 2025

CAM (Common Area Maintenance)

Fees paid by tenants to cover shared building expenses.

by Sukhumalin  July 11, 2025

Percentage Rent

Rent calculated as a percentage of tenant sales, common in retail leases.

by Sukhumalin  July 11, 2025

Subletting

When a tenant rents their leased space to another party.

by Sukhumalin  July 11, 2025

Option Agreement

A contract giving the right to buy property at a set price within a time period.

by Sukhumalin  July 11, 2025

Tenancy in Common

A form of co-ownership where each party owns an undivided share of the property.

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Joint Tenancy

A form of co-ownership with equal shares and right of survivorship.

by Sukhumalin  July 11, 2025

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Discover the essential real estate terms that will elevate your game and give you the confidence to navigate the market like a pro! Dive in and explore the terms that interest you the most.

Glossary Of Real Estate Lending List

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