The level (or maximum amount) up to which the landlord will pay certain operating expenses; amounts above the stop are the responsibility of the tenant.

An economic term that describes a third-party factor that has a positive or negative impact on an individual or firm where the third party factor has no direct control over the cre ...

The main exterior face of an improvement.

The rental obligation, expressed in dollars, as specified in a lease; also known as “contract rent” or “stated rent”.

The negative impact of fees on investment returns.

The positive impact on fees on investment returns from the under reporting, or non-capture, of all expenses.

The amount of investor profit forfeited because of fees earned by the investment manager.

The percentage difference between the before fee internal rate of return generated by the investment and the after fee internal rate of return realized by the investor.

The allocation of profit dollars that fall into each category of the waterfall at the time of each investor distribution.

Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the government powers of taxation, eminent domain, police power, and esc ...