by Ray Hader | Oct 31, 2023
Fair Market Value (FMV) refers to the objective and unbiased assessment of a property’s worth in the current real estate market conditions. FMV is crucial for property managers when making decisions related to leasing, buying, selling, or valuing properties...
by Ray Hader | Oct 31, 2023
A Fixed Expense refers to a recurring cost that remains constant and does not vary based on factors like property occupancy or usage. These expenses are essential for maintaining the property and ensuring its ongoing operation, regardless of whether it is vacant or...
by Ray Hader | Oct 10, 2023
Floor Area Ratio (FAR), also known as Floor Space Index (FSI) or Floor Space Ratio (FSR), is a zoning regulation and urban planning tool used to control the density and intensity of development in a specific area. FAR is a numerical value that represents the ratio of...
by Ray Hader | Oct 31, 2023
A Full Repairing and Insuring (FRI) Lease is a type of commercial lease agreement often used in real estate. In an FRI lease, the tenant assumes significant responsibilities and liabilities for the leased property. Specifically, the tenant is obligated to not only pay...
by Ray Hader | Oct 31, 2023
A gross lease is a type of lease agreement commonly used in real estate, particularly in commercial and residential settings. In a gross lease, the tenant pays a fixed rent amount that covers not only the base rent but also most, if not all, of the property’s...
