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Washington State Commercial & Business Investment Real Estate Glossary of Terms

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Open Space
An unimproved area of land or water, or containing only such improvements as are appropriate to the use and enjoyment of the open area. Dedicated for public or private use or enjoyment or for the use and enjoyment of owners and occupants of land adjoining or neighboring such open spaces.

Operating Cost Escalation
Although there are many variations of escalation clauses, all are intended to adjust rents by reference to external standards such as published indexes, negotiated wage levels, or expenses related to the ownership and operation of buildings. During the past 30 years, landlords have developed the custom of separating the base rent for the occupancy of the leased premises from escalation rent. This technique enables the landlord to better ensure that the "net" rent to be received under the lease will not be reduced by the normal costs of operating and maintaining the property. The landlord's definition of operating expenses is likely to be broad, covering most costs of operation of the building. Most landlords pass through proper and customary charges, but in the hands of an overly aggressive landlord, these clauses can operate to impose obligations which the tenant would not willingly or knowingly accept.

Operating Expenses
The actual costs associated with operating a property, including maintenance, repairs, management, utilities, taxes and insurance. A landlord's definition of operating expenses is likely to be quite broad covering most aspects of operating the building.

Operating Expense Escalation
Although there are many variations of operating expense escalation clauses, all are intended to adjust rents by reference to external standards such as published indexes, negotiated wage levels, or expenses related to the ownership and operation of buildings.


Property Search at-a-glance
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Residential Property
  
*Newer home construction in Clark county
* Home search * Clark County, Wa * Cowlitz County, Wa Vancouver Wa
*Amboy, Wa * Camas, Wa * Battle Ground, Wa * *Kelso, Wa * Brush Prairie, Wa * Castle rock, Wa * Cougar, Wa * Hockinson, Wa  *Kalama, Wa * La Center, Wa * Longview, Wa * Ridgefield, Wa  *Skamania, Wa * Stevenson, Wa * Washougal, Wa * Woodland, Wa  *Yacolt, Wa

 Condominium Property
*Newer condo's in Clack County * Condos in Vancouver * Amboy * Battle Ground * Brush Prairie * Camas * Castle rock * Cougar  *Hockinson * Kalama * Kelso * La Center * Longview  * Ridgefield  *Skamania * Stevenson * Washougal *Woodland  * Yacolt

 Homes on Acreage
*Homes on Acreage in Clark County *
Acreage in Cowlitz County * Vancouver Washington * Camas, Washougal, *  Brush Prairie,  *Hockinson, * Woodland, * Longview, * Kelso, * Castle Rock, * La Center, * Cougar, Stevenson, Skamania, * Yacolt

 Lot, Parcel or Acreage
*Lot or Acreage in Clark County, Washington * Acreage Amboy, Wa * Battle Ground, Wa * Brush Prairie, Wa
*Camas, Wa *
Castle Rock  * Cougar, Wa * Hockinson, Wa * Kalama, Wa * Kelso, Wa *La Center, Wa * Longview, Wa  *Ridgefield, Wa * Skamania, Wa * Stevenson, Wa * Washougal, Wa * Woodland, Wa * Yacolt, Wa


Commercial Real Estate Glossary Terms for Category "O"
...and Information for Consumers in Real Estate
   

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