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Dark Space

A space that has been vacated by a tenant but without discontinuing to pay rent. This situation is commonplace in...

Rent

The amount regularly paid or payable by a tenant (lessee) to a property owner (landlord/ lessor) for the "temporary" use...

Reserve Rent

The net amount that is payable to the property owner (landlord) as rent from a lessee/ tenant. A reserve rent...

Current Annual Market Rent

The annual rent which a willing tenant would pay to the landlord for the demised premises for the lease period...

Current Annual Market Rental Value

The annual rent which a willing tenant would pay to the landlord for the demised premises for the lease period...

Market Rent Reviews

Market checkpoints at which applicable rents (in a lease contract) are re-assessed/ re-adjusted/ re-set to reflect market conditions. In other...

Market Rent

The best rent that a landlord/ lessor can obtain for the premises offered for letting on the open market. It...

Current Market Rental Value

The highest rent that a landlord/ lessor can obtain for the premises offered for letting on the open market. It...

Open Market Rental Value

The highest rent that a landlord/ lessor can obtain for the premises offered for letting on the open market. It...

Market Rental Value

The maximum annual rent at which the demised premises (those transferred by lease) will be expected to be entirely transferred/...