Glossary   

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N
Neighborhood
Contiguous areas showing common characteristics of population and homogeneity of land use.

Net Cost of Occupancy
The total cost of occupying a property for a period, including base rent, electricity, escalations, construction, amortization, and all other cost components.

Net Lease
A lease under which the tenant pays expenses, such as taxes, insurance and maintenance in addition to the base rent.

Non-Disturbance
A guarantee by a third party to whom the landlord is obligated that the tenant's rights under the lease will not be affected by the landlord's default in such obligations to such third party.

Non-Rent Variables
The components of net cost of occupancy other than base rent.