Terms For S

Sale-leaseback:

This is an a deal by which the owner-occupant of a property agrees to sell all or part of the property to an investor and then lease it back and continue to occupy space as a tenant

Security deposit:

This is a kind of deposit of money by a tenant to a landlord to secure the performance of a lease. This can also be in a letter form of credit or other financial instrument.

Sales comparison value:

This is a value indication which is derived by comparing the property being appraised to similar properties that have been sold of late.

Secondary market:

This is a kind of market where the existing mortgage loans are securitized and then bought and sold to other investors.

Securitization:

This is a process of converting an illiquid asset, such as a mortgage loan, into a tradable form, such as mortgage-backed securities

Site development:

It means the installation of all the essential improvements made to a site before a building or project can be constructed on the site

Soft cost:

This means the portion of an equity investment other than the actual cost of the improvements themselves that may be tax-deductible in the first year.

Space plan:

This is a graphic representation of a tenant's space requirements. It shows wall and door locations, room sizes and at times furniture layouts also.