Weighted average lease expiry
The weighted average lease expiry (or WALE) is one single number that shows a (more relevant) average of many leases. These leases can cover one property or many properties. In…
Archives: CRE Dictionary
Archives: CRE Dictionary
Weighted average rental
Weighted average rental can be regarded as a more meaningful value for decision-making than an ordinary average rental. Averages are relevant when there is more than one rental value across…
Triple net lease
Triple net lease is a version of a CRE lease agreement. In this particular arrangement between tenant and landlord (property owner), the tenant (lessee) agrees to pay all operating and property expenses…
LTV
LTV (for loan-to-value ratio) is a common acronym in CRE. It represents a ratio: specifically the value of the loan amount to the value of the property. The loan amount is generally the…
Polygon
A polygon is a shape with at least three straight sides and angles, and typically five or more. A triangle is the simplest polygon. Outlines on a map, creating shapes…
Hectare
CRE is a game of big numbers – hectare is an efficient way of describing a large piece of land (or space). Hectare in the metric and imperial systems Metric…
OTP
OTP stands for offer to purchase. This is a document covering salient terms of a sale agreement. If the buyer and seller agree on the OTP terms, the next step…
OTL
OTL stands for Offer to Lease. It is common when a landlord and tenant are negotiating the terms of the lease for certain premises that they enter into a relatively…
Corporate real estate services (CRES)
Corporate real estate service (CRES) providers are used generally by businesses whose core business is not commercial property. CRES providers thus don’t provide services to property owners (landlords) or property…