Gross Leasable Area (GLA)
Building's total floor area, in square feet, designed for tenant leasing. The GLA in normally calculated from the outside walls to any existing room partitions.
Popular Real Estate Terms
The meaning of a guarantee covers a legal and financially-binding agreement signed between three parties involved in real estate or financial transactions. In this document, typically ...
Tax-free exchange that allows a seller two years after escrow closes on his former principal personal residence to buy like-kind property and defer taxes. Profits from the sale of a ...
(1) Cash revenue from product sales or services rendered less cash expenses. It is different from accrual earnings. (2) The money available after deducting operating expenses and mortgage ...
House designed and zoned for one-family use. Other dwellings may be attached to a single family dwelling, but do not share the same plumbing, heating, or electrical system. Single family ...
Word, or group of words, that identifies a business or one of its products. The name is registered with U.S. Patent Office and provides legal protection for an indefinite number of renewals ...
In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...
Privilege of a real estate investor or lender to participate in the profitability generated from property. This is in addition to any principal, interest, or dividends. ...
Market Analysis in the Real Estate Market is basically research done concerning specific properties in relation to the overall current climate of the real estate industry. A good ...
Giving of a promise or guarantee to the receiver to instill confidence. ...
Comments for Gross Leasable Area (GLA)
What is REIT?
Aug 01, 2020 12:33:07Hey, Theresa! REIT or Real Estate Investment Trust are companies that finance, own, or operate income-generating real estate across multiple sectors. There are multiple types of REITs, but all provide investors with the chance to be shareholders and earn dividends without having to manage, buy, or finance property themselves. Do check our Glossary term, Real estate investment trusts (REITs) to find out more about it.
Aug 03, 2020 07:34:43Have a question or comment?
We're here to help.