Commercial Lease Acronyms That You Need to Know

By |2016-11-05T10:00:31-04:00November 5th, 2016|Categories: Business, Commercial|Tags: , , , , , , , , , , , , , , , , , , |0 Comments

If you’re new to the world of commercial investment—there are a lot of terms, lease types and calculations you’ll need to be aware of. On top of that, everything is an acronym. Learning the lingo of the industry can be overwhelming—but it should be ranked high on your to-do list. If you’ve acquired a building and think you’re ready to start looking for a tenant, you’ll want to have the lease conditions drafted well ahead of time—but be prepared for negotiations! Here are some acronyms you should be familiar with before starting out. Building Owners and Managers Association International (BOMA):