Dictionary of Real Estate Terms

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defeasance

Defeasance: What It Is & How It Works

Defeasance is a process by which a borrower can achieve permanent release from certain obligations of a debt security without having to refinance the underlying

Loss to Lease

Loss to Lease Definition

Loss to lease is the difference between the market rental rate of a unit and the most recent rent charged for that unit.

Land lease

Land Lease Definition

The land lease is a type of real estate arrangement that is common in commercial real estate and in some types of residential real estate.

Secured Overnight Financing Rate (SOFR)

Secured Overnight Financing Rate (SOFR)

The Secured Overnight Financing Rate (SOFR) is a new benchmark interest rate for borrowing cash secured by Treasury securities that was introduced in 2018. SOFR

Triple Net Lease

Triple Net Lease Meaning

A triple net lease is a commercial lease under which the tenant is responsible for all—or an agreed upon portion—of the property’s operating expenses, insurance,