CRE Knowledge Base
Commercial Real Estate Glossary
600+ CRE terms defined — every one with Florida market context. Built by Michael R. Linton over 39 years of closing commercial deals, now focused on Orlando, Tampa, and the I-4 corridor.
Financial Metrics & Returns
Loans & Financing
Loan Terms & Structures
Leases & Tenancy
Investment Strategies
Florida-Specific Terms
REO & Distressed Properties
Property Types & Classifications
Recent Additions — P2 Builds (Batches 12–20)
- ALTA Survey →
- Title Insurance →
- Easement →
- CC&Rs →
- Right of First Refusal (ROFR) →
- Letter of Intent (LOI) →
- Purchase and Sale Agreement (PSA) →
- Phase I Environmental Site Assessment →
- Effective Rent →
- Percentage Rent →
- Tenant Mix →
- Bad Debt →
- Effective Gross Income (EGI) →
- Tenant Estoppel Certificate →
- Pari Passu →
- Going-In Cap Rate →
- Operating Expenses (OpEx) →
- Replacement Reserves →
- Tax Increment Financing (TIF) →
- Stabilized Occupancy →
- Yield on Cost (YoC) →
- Gross / NN / NNN Lease Spectrum →
- Joint Venture (JV) →
- Earnest Money Deposit →
- GRM – Gross Rent Multiplier →
- Preferred Equity Investment →
- Interest-Only (I/O) Loan →
- Preferred Return →
- ADR – Average Daily Rate →
- Loss to Lease →
- Assumable Loan →
- LTC – Loan-to-Cost →
- Variable vs. Fixed Rate Loan →
- Lien / Mechanic's Lien →
- Encumbrance →
- Lis Pendens →
- Quiet Title Action →
- SNDA (Subordination, Non-Disturbance & Attornment) →
- Zoning Variance →
- Conditional Use Permit →
- PUD (Planned Unit Development) →
- Setback Requirements →
- Site Plan Approval →
Every CRE Term, A–Z
504 additional terms across building science, capital markets, leasing law, and underwriting — the long tail of the LGS glossary.
A
- Absolute Net Lease
- Absorption
- Abstract Of Title
- Acceleration Clause
- Accredited Investors
- Accredited Residential Manager
- Acquisition Cost
- Acquisition Fee
- Acre
- Actual Cash Value
- Adaptive Reuse
- Add Alternate
- Addendum
- Adjustable Rate Mortgage
- Adverse Possession
- Affidavit Of Title
- Affirmative Covenant
- Affo Adjusted Funds From Operations
- Age Restricted Community
- Agency Loan
- Alienation Clause
- All In Cost
- American Style Waterfall
- Amortization
- Annual Effective Rate
- Annual Percentage Rate
- Annual Percentage Yield
- Appraisals
- Appreciation
- Arv After Repair Value
- As Is Condition
- Assessed Value
- Assessment
- Asset Management Fee
- Assets
- Assignment
- Automatic Stay
B
- Bad Boy Carve Out
- Balance Sheet Investing
- Balloon Payment
- Bank Loan Books
- Bankability
- Bargain And Sale Deed
- Base Year
- Basis Point
- Bid And Award Process
- Blanket Mortgage
- Blind Pool Fund
- Blockchain Real Estate
- Boma Building Owners And Managers Association
- Bondable Lease
- Bonus Depreciation
- Boot 1031 Exchange
- Breakeven Occupancy
- Breakup Fee
- Bridge To Stabilization
- Broker Of Record
- Broker Price Opinion Bpo
- Brokers Opinion Of Value
- Brownfield
- Build To Rent
- Building Core
- Buildup Rate
- Bulk Space
- Bundle Of Rights
- Business Plan
- Buy Box
C
- Cagr
- Capital Account
- Capital Call
- Capital Expenditure
- Capital Gains Taxes
- Car Stacker
- Carried Interest
- Carry Cost
- Cash For Keys
- Cash Out Refinance
- Cash Sweep
- Catch Up Provision
- Ccim
- Ccip
- Ccrc
- Central Business District
- Certificate Of Occupancy
- Certified Development Company
- Citizens Property Insurance Florida
- Civil Engineer
- Clawback Provision
- Closed End Fund CRE
- Closing Costs
- CMBS B Piece
- Co Tenancy Clause
- Commercial Fix And Flip Loans
- Commercial Mortgage Broker
- Commercial Real Estate Loan Sizing
- Commercial Real Estate Owned
- Commercial Vs Residential Broker
- Commercial Zoning
- Completion Guaranty
- Concessions
- Condemnation
- Construction Loan
- Continuous Operation Clause
- Core Plus
- Corporate Guaranty Lease
- Correspondent Lender
- Cost Segregation
- Court Appointed Receiver
- Covenant Default
- Covered Land Play
- Cpi Escalation
- Cramdown
- Credit Bid
- Credit Tenant Lease
- Cross Collateralization
D
- Debt Covenants
- Debt Yield
- Debtor
- Deed In Lieu Of Foreclosure
- Deed Of Trust
- Deficiency Judgment
- Depreciation Recapture
- Design Architect
- Design Development
- Development Spread
- Dip Financing
- Direct Capitalization
- Discount Rate
- Discounted Cash Flow Analysis
- Discounted Payoff DPO
- Disposition Fee
- Distressed Debt Loan
- Distressed Property
- Distribution Waterfall
- DST Vs Tic
- Due Diligence
E
F
- Factory Outlet
- Fannie Mae Multifamily Loan
- Fee Simple
- Festival Center
- Ffo Funds From Operations
- Financial Model
- Financing Memorandum
- Fixed Costs
- Fixed Price Contract
- Fixed Rate Debt
- Flat Fee
- Floating Rate Debt
- Floor Duty Or Time
- Floor Plan
- Floor Plate
- Floor To Ceiling Height
- Floor To Floor Height
- Florida Commercial Foreclosure
- Florida Construction Lien
- Florida Insurance Crisis CRE
- Florida Llc Vs Land Trust
- Florida Property Management Licensing
- For Sale By Owner
- Forbearance
- Force Placed Insurance
- Foreclosure
- Foreclosure Auction
- Forward Sale
- Freddie Mac Multifamily Loan
- Free And Clear Return
- Freehold Estate
- Front Load
- Fund Of Funds CRE
G
- Gap
- Garden Apartment
- General Agent
- General Contractor
- General Vacancy And Credit Loss
- General Warranty Deed
- Geometric Mean
- Gift Letter
- Gmp
- Go Dark Clause
- Going Out Cap Rate
- Good Faith Estimate
- Good News Money
- Government National Mortgage Association
- Government Power
- Government Survey System
- Graduated Payment Mortgage
- Grant
- Grantee
- Grantor
- Gross Absorption
- Gross Asset Value
- Gross Building Area
- Gross Commission Income
- Gross Leasable Area
- Gross Lease
- Gross National Product
- Gross Sale Price
- Group Boycotting
- Growing Equity Mortgage
- Guarantee Of Non Recourse Carve Outs
- Guaranteed Buyout Offer
H
- Hangout And Hangout Risk
- Hard Costs
- Hectare
- Hedge
- High Leverage Financing
- Hold Period
- Hold Sell Analysis
- Holdback
- Holding Costs
- Holdover Tenant
- Hotel Flag
- How To Get A Commercial Real Estate Loan
- HUD 221d4 Construction Loan
- HUD 232 Lean Loans
- HUD 232 Loans
- HUD Fha Multifamily Loans
- HUD Home
- Hurdle Rate
- Hvac
- Hybrid Adjustable Rate Mortgage
I
- Ibuyer
- Implied Contract
- Implied Grant
- In Arrears
- In Place Rent
- Income Approach
- Index Lease
- Inducement
- Industrial Flex
- Ingress
- Inspection Contingency
- Institutional Investor
- Intercreditor Agreement
- Interest Rate Collar
- Interest Rate Swap
- Interest Reserve
- Interim Financing
- Inverse Condemnation
- Involuntary Alienation
- Involuntary Liens
J
L
- Land Assemblage
- Land Banking
- Landlords Lien
- Lease Abstract
- Lease Commencement Date
- Lease Depth
- Lease Option
- Leasehold Estate
- Leasehold Interest
- Leasehold Mortgage
- Leasing Commission
- Legal Description
- Legal Title
- Lessee
- Lessor
- Letter Of Credit
- Leverage
- Levered Cash Flow
- Levered IRR
- Lien Theory States
- Lien Waiver
- Life Company Loan
- Life Estate
- Life Plan Community
- Lifestyle Retail Center
- Like Kind Property
- Limited Partnership
- Limited Service Hotel
- Limited Warranty Deed
- Linear Mortgage
- Liquidated Damages
- Listing Agreement
- Loan Assumption
- Loan Modification
- Loan Originator
- Loan Servicing
- Lockbox
- Lockout Period
M
- Make Ready Costs
- Manufactured Housing Community
- Market Rent
- Master Lease CRE
- Master Tenant
- Mep
- Metropolitan Statistical Area
- Mill
- Millage Rate
- Mini Perm Loan
- Modified Gross Lease
- Modified Internal Rate Of Return
- Moic
- Monte Carlo Method
- Mortgage Application Index
- Mortgage Constant
- Mortgage Loan Duration
- Mortgagee
- Mortgagor
- Municipal Bond
N
O
P
- Pad Site
- Paid In Arrears
- Parking Income
- Participation Loan
- Passive Income
- Pca
- Permanent Loan
- Permitted Assignment
- Personal Guarantee
- Phase Ii ESA
- Plan Of Reorganization
- Power Retail Center
- Ppm Private Placement Memorandum
- Preferred Equity Vs Mezzanine
- Prepayment Penalty
- Present Value Factor
- Prime Interest Rate
- Pro Forma
- Pro Rata Share
- Project Buyout
- Promote
R
- Radius Restriction
- Radon
- Ratio Utility Billing System
- Real Estate Debt Fund
- Real Estate Financial Modeling
- Real Estate Investment Trust
- Real Estate Private Equity
- Real Property Administrator
- Rear Load
- Recapture Right Landlord
- Redevelopment
- Refinancing
- Regional Mall
- Reinforced Concrete
- Renewal Option
- Rent Abatement
- Rent Commencement Date
- Rent Concession
- Rent Control
- Rent Roll
- Rentable Area
- REO Workout Specialist
- Replacement Cost
- Residual Land Value Analysis
- Retention
- Return On Investment
- Revpar Index
- Right Of First Offer Rofo
S
- Safe Drinking Water Act
- Sales Contract
- Sandwich Lease
- Satisfaction Of Mortgage
- Schedule Of Real Estate Owned
- Schematic Design
- Secondary Market
- Secured Loan
- Seller S Agent
- Servicer Advances
- Servient Estate
- Shadow Anchor
- Shared Appreciation Mortgage
- Sharpe Ratio
- Short Sale Commercial
- Side Letter
- Single Tenant Net Lease Stnl
- Small Balance Commercial Loans
- Soft Costs
- Sortino Ratio
- Sources And Uses
- Special Assets
- Special Servicing Transfer
- Specific Performance
- Specifications Manual
- Sponsor
- Springing Recourse
- Stacking Plan
- Stick Framing
- Storage Income
- Strip Or Convenience Center
- Subordination Agreement
- Subrogation
- Subscription Document
T
- Takeout Commitment
- Takeup
- Tax Lien
- Temporary Certificate Of Occupancy
- Tenancy By The Entirety
- Tenancy In Common
- Tenant Health Ratio
- Tenant Personal Guaranty
- Tenant Rights For Repairs
- Tenant Rollover Risk
- The Clean Water Act
- The Fair Housing Act
- Theme Retail Center
- Ti Workletter
- Time Value Of Money
- Title Affidavit
- Title Search
- Title Theory States
- Trid
U
V
W
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