Term | Main definition |
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Warranty | A binding promise made at the time of a sale whereby the seller gives the buyer certain assurances as to the condition of the property.
Hits - 2003
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Wear and Tear | The deterioration or loss in value caused by the tenant's normal and reasonable use. In many leases the tenant is not responsible for "normal wear and tear."
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Weighted Average Rental Rates | Rental rates averaged to the amount of space available in each building per market area.
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Working Drawings | The set of plans for a project that, in combination with a set of specifications, comprise the contract documents indicating the exact manner in which a project should be built. See Also: Contract Documents
Hits - 1707
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Workletter | The standard building items that the landlord contributes as part of the tenant improvements. Examples of standard building items are: doors, partitions, lights, floor covering, telephone outlets, etc. The Workletter may specify quantity and quality of the materials to be used and often carries a dollar value.
Hits - 1933
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Workout | The process by which a borrowers attempts to negotiate with a lender to restructure the borrower's debt rather than go through foreclosure proceedings.
Hits - 1711
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47 Kearny Street
San Francisco, CA 94108
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California DRE #01183885