Please Rotate Your Device
When a property is conditionally leased or sold and the respective parties are completing due diligence. Typically no other offers are accepted during this phase.
|Under-Floor Duct System||
A system of ducts permanently located under floor surfaces to assist in the installation of telephone, computer and electrical wiring.
Free and clear of restrictions, third party rights and liens. Most commonly referred to in leasing circumstances in which a space cannot be offered for lease until it is unencumbered. For example, a notice for renewal date lapses and then a landlord can offer that space to the general public.
Square footage of a premises without accounting for building common areas. In other words, the actual size of the premises.
The specific zoning and purpose for which a space is designated. Most office buildings are "general office use".
Services to a premises that may be included in the additional rent or may be specifically an additional cost to each tenant individually. Typically includes water, gas, fuel, electricity and waste disposal services.