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Glossary of Real Estate Terms
This Glossary has
been provided as a courtesy to assist you in
gathering information relative to real estate.
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A
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B
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C
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D
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E
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F
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G
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H
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I
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J
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K
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L
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M
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N
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O
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P
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Q
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R
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S
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T
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U
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V
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W
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X
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Y
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Z
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H |
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Hard Cost:
The cost of actually constructing the
improvements (i.e. construction costs). |
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Highest and Best Use:
The use of land or buildings which will bring
the greatest economic return over a given time
which is physically possible, appropriately
supported, financially feasible. |
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High Rise:
In the Central Business District, this could
mean a building higher than 25 stories above
ground level but in suburban sub-markets, it
generally refers to buildings higher than 7 or 8
stories. |
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Hold Over Tenant:
A tenant retaining possession of the leased
premises after the expiration of a lease. |
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HVAC:
The acronym for “Heating, Ventilating and
Air-Conditioning”. |
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