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Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from A to M.

Bad Credit Credit Creditres Commercial Terms

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Bad Consolidation Credit Debt According to Value: The value of the property when computing property taxes.

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Bad Company Credit Repair Build to Suit: A customized design and build approach for a single tenant space usually resulting in a single occupant building which is then leased or sold to the tenant.

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Bad Card Credit Credit Certificate of Occupancy: Issued by a city building department and is a necessary requirement prior to moving into the space.

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Bad Car Credit Loan Common Area Maintenance: Typically an annual charge assessed to tenants based on their percentage of occupancy to pay for maintenance of parking lots, bathrooms and open areas.

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Bad Credit Loan Mortgage Demising Wall: A wall between two separate suites in a building with multiple tenants. In many states, the demising wall must meet specific fire safety standards.

Auto Bad Credit Loan Flex Space: A building providing mixed-use space such as an area combining an office and warehouse.

Bad Credit Mortgage Refinance Gross Square Feet: Usually refers to gross footage of a building. GSF is typically arrived at by calculating the footage from the outside of exterior walls multiplied by the vertical footage.

Bad Credit Refinance HVAC: Refers to the climate control systems for a building including heating and air conditioning.

Bad Credit Mortgage Second Mechanic's Lien: A legal claim typically filed by a subcontractor to obtain payment for services rendered. The claim arises under state law and is dependent on each states particular law.

Bad Credit Loan Student Unlike residential real estate, commercial real estate is primarily considered a business transaction. Learn the terms and you're well on your way to moving smoothly through the process.

Bad Card Credit Dan Lewis is a San Diego mortgage broker with Great Western Mortgage - San Diego mortgage brokers writing San Diego home loans. Dan also writes San Diego home equity loans, refinance and San Diego mortgages.

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