Definition
RSF is usable square feet plus a pro-rata share of common areas. It's what rent is billed on, though usable square feet is what the tenant actually occupies.
The total square footage a commercial tenant pays rent on, including a share of common areas.
RSF is usable square feet plus a pro-rata share of common areas. It's what rent is billed on, though usable square feet is what the tenant actually occupies.
A tenant with 4,500 usable SF and a 15% common-area factor pays rent on 5,175 rentable SF.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The pro-rata share of shared-space upkeep charged to commercial tenants.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.