Minimum Divisible The smallest area allowed in the division of a property. Modified Gross Lease Tenant pays base rent and increases in taxes and insurance over an expense stop or base year and their pro rata share of CAM (Common Area Maintenance).
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What is divisible space mean?
Divisible Space means space designed for lodging, residential, living or sleeping purposes which has its own private entrance and is so arranged that it is separate, or can be conveniently separated from other space within such facility by closing doors or otherwise in a manner that will afford privacy of access and
What is contiguous sqft?
Contiguous Space means 5,000 square feet of space which is contiguous to the Demised Premises (i.e., space on the same floor or the floor directly above the Demised Premises) not subject to either any renewal, extension, expansion or additional space option held by any third party.
What does Max contiguous mean?
Maximum Contiguous The largest contiguous area allowed in the division of a property.
What are the properties of divisibility?
Properties of divisibility:
- For any two integers a and b, a|b and b|a => a=±b.
- Transitive property: If a|b and b|c then a|c.
- If a|b and a|c then i) a|(b+c) ii) a|(b-c) iii) a|bc.
- If a|b and x is any integer then a|bx.
- If a|b and c|d then ac|bd.
- If ac|bc then a|b.
What does GLA mean in real estate?
Gross Living Area
Under ANSI standards, Gross Living Area (GLA) is the term used in most residential appraisal reports.
What does RBA mean in real estate?
Rentable Building Area
Rentable Building Area: (RBA) The total square footage of a building that can be occupied by, or assigned to a tenant for the purpose of determining a tenant’s rental obligation. Generally RBA includes a percentage of common areas including all hallways, main lobbies, bathrooms, and telephone closets.
What is a shadow lease?
The difference between vacant and available space is often referred to as “shadow space.” Shadow space is space that is currently occupied but is still being marketed for lease. The tenant does not have to physically occupy the space, they simply must be paying rent and have a lease on the space.
What are office spaces called?
Traditional Office Space
Reception area. Private office(s) Open area for cubicles. Conference room(s)
What do you call a business space?
A place where business is conducted, such as an office or a single shop in a franchise. joint. venue. factory. parlorUS.
What are the different types of office space?
Without further ado, here are a few different types of office spaces that you can consider.
- Traditional Office Space. The most basic type of office layout is the – traditional office space.
- Creative Office Space.
- Contiguous Office Space.
- Coworking Space.
- Executive Suites.
How do you prove divisibility?
There are simple tests for divisibility by small numbers based on the decimal representation of a number. Proposition. (a) A number is even (divisible by 2) if and only if its units digit is 0, 2, 4, 6, or 8. (b) A number is divisible by 5 if and only if its unit digit is 0 or 5.
How do you check divisibility by 7?
How to Tell if a Number is Divisible by 7
- Take the last digit of the number you’re testing and double it.
- Subtract this number from the rest of the digits in the original number.
- If this new number is either 0 or if it’s a number that’s divisible by 7, then you know that the original number is also divisible by 7.
What is divisibility in number theory?
Divisibility is one of the most fundamental concepts in number theory.If a divides b, we say “a is a divisor of b”, “b is divisible by a”, “a is a factor of b”, “b is a multiple of a”. • Note: The “divisor” a in this definition can be negative, but must be nonzero; divisibility by 0 is not defined.
How do appraisers determine GLA adjustments?
Adjustments are calculated by multiplying an adjustment factor times the quantity difference between the subject and comparable. For example, if the GLA for the subject is 2200 sq ft and for a comparable, 2000 sq ft, the difference, 200 sq ft would be multiplied by the adjustment factor.
What does GBA mean in real estate?
Gross Building Area
Since commercial buildings are commonly traded for business occupancy or rental income, the industry accepted measurement unit is Gross Building Area (GBA).Another measurement term sometime used in commercial real estate appraisal is Net Rentable Area (NRA).
What does not count as a living space?
Generally, it is agreed that bedrooms, living rooms, dens, kitchens, and dining rooms are counted as rooms. However, if the dining “room” is a space in a larger living room with a table chandelier, it may not count as a separate room. Laundry rooms are not considered rooms.
What does CA mean in commercial real estate?
C. CAM. CAM is an acronym for “Common Area Maintenance“. In commercial real estate many leases require the tenant to pay a portion of CAM fees.
What is down space in real estate?
Space that is being offered for lease directly from the landlord or owner of a building, as opposed to space being offered in a building by another tenant (or broker of a tenant) trying to sublet a space that has already been leased.
What does the RBA contribute to?
The Reserve Bank of Australia (RBA) is Australia’s central bank and derives its functions and powers from the Reserve Bank Act 1959 . Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people.
What is direct vacancy?
Direct Vacancy Rate. The total amount of physically vacant space divided by the total amount of existing inventory, expressed as a percentage. Space that is under construc- tion (and, therefore, is vacant) is not included in vacancy calculations.