FLA
FLA (an acronym for "Future Lease Agreement") is a term used in the field of commercial real estate to designate a future lease contract. A ...
Leasing
Parking ratio
A parking ratio (also known as a parking standard or parking coefficient) is an urban design and construction concept that determines the ma...
Shell & Core
"Shell & Core" is a term used in the field of commercial real estate to describe the state of a building or space that is available for leas...
Fit-out
The term "fit-out" is used in the commercial real estate industry to describe the process of finishing and customizing the interior of a bui...
Indexation
Indexing, in the context of commercial real estate, usually refers to a mechanism that automatically adjusts the amount of rent over time ba...
Gross vs Net Leasable Area (NLA vs GLA)
Net Leasable Area (NLA) and Gross Leasable Area (GLA) are two terms used in property leasing. Both indicate the area that can be leased to t...
Reinstatement
In the context of commercial real estate, the term "reinstatement" generally refers to the tenant's obligation to return the property to its...
Effective rent
Effective rent is a term used in the field of commercial real estate to denote the actual amount of rent that a tenant pays when all incenti...
Add-on
The "Add-on factor" is a term used in commercial real estate, particularly in office buildings. This factor refers to the ratio of the total...
Space plan
"Test fit" or "space plan" is a term used in the field of commercial real estate, referring to the planning and arrangement of a building's ...
Rent free period
Rent-free period is a term used in real estate that refers to the period when a tenant is exempt from paying rent. The rent-free period is u...
Bail
A bail is a financial deposit or guarantee that is used in various contexts as security against possible future claims, losses or damages. T...