A construction specialist who enters into a formal contract with a developer to construct a real estate building or project.
The capacity of the generator.
Bona fide; an act is done in good faith if it is in fact done sincerely, whether negligently or not.
An agreed-on time after an obligation is overdue during which a party can perform without being considered in default.
A person who receives a conveyance of real property from a grantor.
The person transferring an interest in real property to a grantee.
In commercial leasing, the gross floor area is the entire square footage within the floor’s perimeter, calculated to the inside finish of the permanent outer building walls or to the glass line in newer buildings, with no allowance made for structural projections and with a required minimum ceiling height of 7˝ feet.
A lease of property under which the lessee pays fixed rent and proportionate increases above a base amount established for real estate taxes and operating costs. Typically assessed on a per annum or fiscal basis.