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Glossary of Commercial Property Leasing Terms and Definitions

Glossary of terms and definitions of commonly used acronyms and phrases in commercial real estate property leasing.

Above-Standard TIs (Tenant Improvements)

Additional Rent

Base Rent

BOMA and BOMA Standards

Building Core

Building Standards

CAM Fees (Common Area Mainteance Fees)

Commercial Real Estate; Commercial Property

Double Net Lease

Fully Serviced Lease

Gross Lease

Gross Square Feet

Gross-Up

Hot Building

HVAC (Heating, Ventilating, and Air Conditioning) Systems

Industrial Space

ISDN (Integrated Services Digital Network)

Load Factor

Net Lease

Percentage Lease

Percentage Rent

Rentable Square Feet

Shadow Market

Sublease

Triple Net Lease (also knowns as NNN or Net Net Net Lease)

Turnkey

Usable Square Feet

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