The phrase “No utilities included in rent” means that tenants are responsible for paying utility bills such as electricity, water, gas, and internet separately from their monthly rent. This arrangement affects budgeting and financial planning for renters.
When a property is turned off on Airbnb, it means the listing is temporarily unavailable for booking. This status can result from host settings, calendar blocks, or platform enforcement actions.
The term $9.00/Sf/Yr refers to a commercial real estate leasing rate of nine dollars per square foot per year. It is used to calculate total annual rent obligations based on the size of the leased property.
In sales and negotiation contexts, ‘firm on price’ indicates that a seller is unwilling to negotiate or reduce the listed price. It signals that the price is fixed and non-negotiable, often used in real estate, classified ads, and business transactions.
Buyer concessions are financial incentives offered by a seller to a buyer, typically in real estate transactions, to offset closing costs or other expenses. They are negotiated as part of the purchase agreement and can affect the overall purchase price and financing.
A quick sale on a house refers to the process of selling a property rapidly, often involving strategies that expedite transactions and accommodate sellers needing fast cash due to financial constraints or other circumstances.
GLA stands for Gross Leasable Area, a standard measurement of the total floor space that can be rented out in a commercial property. It is widely used by landlords, tenants, and appraisers to determine rent, valuation, and space planning.
A deposited plan is a map or drawing officially filed with a government authority, such as a land registry or planning department, to define boundaries, easements, or development conditions. It serves as a legal reference for property rights and planning permissions.
On a real estate closing statement, POC stands for ‘Paid Outside of Closing’ (or ‘Paid Outside Closing’). It refers to expenses or credits that are settled directly between the buyer/seller and a third party, outside the formal escrow or settlement process, and therefore do not flow through the closing funds.
On-site laundry refers to the availability of clothes washing and drying facilities located within the physical boundaries of a residential or commercial property. These facilities can range from private in-unit machines to shared communal laundry rooms.