Statement of which party is responsible for payment of utilities; in a triple net lease, tenant is typically responsible for utilities; in a gross lease, the landlord is typically responsible; in a semi-gross lease, the utilities provisions should specify who is responsible for which utilities.

Rentable area less certain common areas that are shared by all tenants of the office building such as corridors, storage, facilities, and bathrooms. It is computed by multiplying the rental area times the building efficiency percentage.

Local zoning laws that govern how the tenant uses the property. Unless a lease includes restrictions, a tenant is allowed to use the premises for any lawful purpose. The tenant is not precluded from using the property for any use if the lease mentions a specific use without restricting or prohibiting other uses. The buyer…

Land that has not been developed by the addition of utilities, landscaping, roads, or buildings.

An insurance company that issues insurance an policy; a professional employed by an insurance company who reviews the applications and relevant documents to rate an insurance policy.