TI (Tenant Improvement) Loans:

Dollars provided by landlord or ownership toward the improvement or refresh of tenants space. Potentially can be used for other uses such as moving costs, relocation expenses, etc.

Net Rental Rate:

The basic rate, separate from taxes and operation costs.

Tax & Ops:

Taxes and other operational fees.

Gross Rental Rate:

Net rental rate + Tax Ops

R/U Factor:

The actual space (rentable) vs. usable space in a multi-tenant building. This percentage factor adds on for common areas such as hallways and public bathrooms for the building.

Termination Options:

Various options available to terminate a lease.