Across
1
A real estate sales transaction in which the owner of a property sells the property to a buyer, and after the closing of title to the property, the seller then leases back all or a portion of such property from the purchaser.
4
__________ alterations or improvements that go beyond “ordinary” alterations.
5
A space premises that is unfinished, generally only having the structural portions complete, and as such will require the construction of improvements by the tenant prior to the tenant being able to operate its business in within the space.
8
A clause which states that when a landlord’s mortgage is foreclosed on by its lender or a ground lease against the building is terminated by a ground lessor due to a landlord’s uncured default.
9
The alternative space a landlord provides a tenant when relocating a tenant’s space during the term of the lease.
Down
1
States that after a specified period of time or as of a certain date, is no longer considered in full force and effect.
2
A two dimensional representation of a building that detailing not only the space available on each floor of the building, but just as importantly, all occupied space in a building and the lease expiration date for such spaces.
3
An agreement wherein a tenant leases all or a part of its space during the term of its lease to a third party.
4
Where the owner of a building purchases electric current or water for the entire building and charges the tenant, based on landlord’s actual cost or quite often on a cost standard higher than landlord’s actual cost, for its consumption.
5
An expense not considered to be a direct “hard” construction cost.
6
A clause that outlines the rights of a tenant in regards to the ability to place signs on its premises, the building and/or the property.
7
A document wherein the lender will agree that the tenant’s occupancy will remain undisturbed (and as such its lease not terminated), notwithstanding the foreclosure of the landlord’s mortgage or termination of the landlord’s ground lease.
The S's: Master Your Leasing Domain™
