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.
Unapplied credit on rent refers to a positive balance on a tenant’s account that has not yet been assigned to a specific charge or monthly rent payment. This typically occurs when a tenant overpays or provides a deposit that remains unallocated in the landlord’s accounting system.
In the context of real estate and finance, LDT typically refers to Loan-to-Deposit ratio or Loan-to-Value (LTV) variations. It is a financial metric used by lenders to assess risk and determine the amount of capital required to secure a loan.
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.
Raw land refers to undeveloped real estate that lacks utilities, structures, roads, or any improvements. It is typically purchased for future development, agricultural use, or as a long-term investment, and its value is influenced by location, zoning, and access to infrastructure.
The term ‘401-Residential Improved’ is commonly used in property assessment and real estate to categorize residential land parcels that have been developed with buildings or other structures. It distinguishes improved residential properties from vacant or unimproved land.
Zone R3 is a common residential zoning classification that typically permits medium-density housing, such as townhouses, duplexes, and low-rise apartments. It is used by local governments to regulate land use, building density, and neighborhood character in urban and suburban areas.
A safety clause in a real‑estate listing contract protects the seller and the broker from certain liabilities during the marketing and sale process. It outlines conditions under which the contract may be terminated without penalty and specifies the parties’ responsibilities.