A Conditional Use Permit (CUP) is a crucial element in real estate. It provides flexibility within the framework of zoning laws.
A percentage lease involves the tenant paying a base rent in conjunction with a percentage of their gross sales to the landlord.
FF&E stands for Furniture, Fixtures, and Equipment, and refers to movable items not permanently attached to a building's structure.
A stabilized property is a real estate asset that has achieved a predictable and sustainable level of occupancy and income.
This concept is crucial as it relates directly to the profitability and long-term success of rental properties within the rental market.
It uses probability and variables to simulate and analyze potential outcomes. This is essential for fields like project management, engineering, and finance.
Gross Potential Income reflects the maximum possible income a property could earn if fully rented at market rates throughout the year.
The formula for calculating the GIM is straightforward: divide the property's sale price by its gross annual income.
The average ceiling height for modern apartments usually ranges from 8 to 9 feet.
