GREEN Light Certified® is a legal due diligence risk assessment. GREEN Light Certified parcels’ public-record documents have qualified as highest-and-best use for legal purposes. As the least risky assessment resulting from The GREEN Light System®, GREEN Light Certified parcels are more valuable than parcels assessed as YELLOW or RED, all things being equal. 

Land improved by tenant while landlord collects a fixed rent; landlord does not pay for the improvements.

Method investors use to determine market value; calculates the market value of a property by multiplying gross rents by a given factor.

Tenant pays rent and landlord pays all operating expenses including  taxes, utilities, insurance, and repairs and maintenance from the rent.

The total floor area designed for tenant occupancy and exclusive use, including basements, mezzanines, and upper floors; the area on which a tenant pays rent; the area that produces income.

The entire floor area of a building or the total interior square footage of a floor.

Grazing permits authorize grazing on public lands and specifies the terms and conditions under which permittees may make use of the land during the term of the permit.

In a deed of trust, the borrower who gives the security interest. The grantor in a deed of trust is also known as a trustor.

Estimate of closing costs the lender is required (under the federal real estate settlement procedures act) to give to the buyer within at least three days of applying for a mortgage loan. This is the lender’s estimate – it must be completely accurate regarding the lender’s own charges and is supposed to be reasonably close…

Provides which state’s law will govern a lease. Property laws are state-specific. The landlord, tenant, and property may all be based from in different states, so disputes may arise as to which state’s laws apply to a given dispute. Such disputes can be prevented with a governing law clause.