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Adjoining. In actual contact with another object (i.e., attached). Same as "Contiguous". Agent. An individual/entity who transacts, represents, or manages business for another individual/entity. Permission is provided by the individual/entity... read more →
Real estate broker. Any person, co-partnership, association or corporation who, for a compensation or valuable consideration, sells or offers for sale, buys or offers to buy, or negotiates the purchase,... read more →
Gross Lease. A lease in which the stated rent includes the operating expenses and taxes of the building, but not electric. In some circumstances it does include electric, and would... read more →
Well, pretty difficult. There's lots of moving parts. You're basically marrying several independent financial models into one mega-model. The permutations and combinations that make it particularly busy are: Optionality on... read more →
Land Equity Defined: In the context of a real estate development transaction, Land Equity is non-cash equity credit given to a land owner if the land owner elects to contribute the... read more →
Congratulations to York and all of the teams who put in a huge effort to compete! You've all won because you all learned a ton. MIT... read more →
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