Glossary of Leasing Terms
DISCLOSURE: Some of the
definitions of leasing terms
in this glossary have been tailored to reflect the common practice in the leasing of smaller-sized commercial properties in Northern California. These definitions are not intended to be the legal definitions that would typically be used in a legal proceeding.Links to Leasing Terms Defined in this Glossary:
Base Rent
BOMA
CAM
CAM Charges
Certificate Holder
Certificate of Insurance
Certificate of Occupancy
Common Area
Day Porter Service
Environmental Mitigation Land
Estoppel Certificate
For Rent / For Lease
Guarantor
HVAC
Market Rent
Modified BOMA
Procurement Fee
Rentable Square Feet (with examples)
Right of First Refusal
Tenant Improvement Allowance
Tenant Improvements
Tenantable
Untenantable
Usable Square Feet
Utility Crossover Fee