In this article, you'll learn:
- Key commercial real estate terms like effective date and square footage
- Differences between gross and net leases
- The significance of CAM charges and rent escalations
- The importance of renewal options in your lease agreements
Like many industries, commercial real estate has a language that is all its own. Getting to know the industry's jargon can help you to understand what you're being offered and, when it comes time to execute a letter of intent or a lease, what you're signing. Here are eight terms that are particularly important -- and highly nuanced -- in the commercial real estate world.