NOTES1 - Base rent the rental obligation expressed in dollars as specified in a lease per month or per year Percentage rent percentage of rent

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Base rent - the rental obligation, expressed in dollars as specified in a lease, per month or per year Percentage rent - percentage of rent according to your sales for the month CAM - common area maintenance, maintenance on all the common space in a building, ex. . elevators. Gross Rent - rent that includes all operating expenses: heat, air, taxes NNN rent - operating expenses are paid for directly by the tenant Economies of scale - certain items of services must be produced in certain minimum quantities in order to be produced as efficiently as possible Agglomeration - brings multiple jobs into a city central location Centrifugal drives out Warranty deed - A deed guaranteeing that there are no tricks in the deed being used, it is used almost every time a deed is being used. Quitclaim deed - given to clear up a title when the property is questionable, deed that transfers whatever interest the maker of the deed may have in the parcel of land Zoning laws
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This note was uploaded on 09/01/2011 for the course BUSINESS 101 taught by Professor Jones during the Spring '11 term at Southern Nazarene.

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NOTES1 - Base rent the rental obligation expressed in dollars as specified in a lease per month or per year Percentage rent percentage of rent

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