In this article, you'll learn:

• Key terms like usable and rentable square footage and how they affect your lease.
• The importance of load factor, right of first refusal, and common area maintenance (CAM) fees.
• What holdover rent, rent escalations, and subletting clauses entail.
• Differences between full service gross leases and triple net leases.

When you're searching for an office space and perusing leasing contracts, you'll be introduced to an entirely new vocabulary. Understanding the terms commonly used in commercial real estate is important to understanding lease agreements and assessing how much it will cost to rent a particular space. The following 10 terms are some of the most important words to look out for: