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To calculate the NER in this case, the present value of all future cash flows is summed, and then divided by the number of periods, and then converted to the same units as the face rent. In the example above, in a five-year lease on a 10,000 square foot area, the tenant will pay 20 x 10000 = $200,000 per month x 60 months = $12,000,000 over the ...
Floor area. In architecture, construction, and real estate, floor area, floor space, or floorspace is the area (measured in square metres or square feet) taken up by a building or part of it. The ways of defining "floor area" depend on what factors of the building should or should not be included, such as external walls, internal walls ...
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property.
Comparison of 1 square foot with some Imperial and metric units of area. The square foot (pl. square feet; abbreviated sq ft, sf, or ft 2; also denoted by ' 2 and ⏍) is an imperial unit and U.S. customary unit (non-SI, non-metric) of area, used mainly in the United States and partially in Canada, the United Kingdom, Bangladesh, India, Nepal, Pakistan, Ghana, Liberia, Malaysia, Myanmar ...
The median asking rent in the city — including all five boroughs — hit $3,575, or 2.4%, in February, according to listing platform StreetEasy. ... It was about 54 square feet, a 9-by-6-foot ...
Floor Area ratio is sometimes called floor space ratio (FSR), floor space index (FSI), site ratio or plot ratio. The difference between FAR and FSI is that the first is a ratio, while the latter is an index. Index numbers are values expressed as a percentage of a single base figure. Thus an FAR of 1.5 is translated as an FSI of 150%.
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