The Book of Jargon® – Real Estate & REITs is one in a series of practice area and industry-specific glossaries published by Latham & Watkins.
The definitions provided introduce each term and may raise complex legal issues on which specific legal advice is required. The terms are also subject to change as applicable laws and customary practice evolve. As a general matter, this glossary was drafted from a US practice perspective.
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10% Asset Test,100-Shareholder Requirement,15% Personal Property Test,25% Asset Test,3(c)(1) Exception to ICA,3(c)(5)(C) Exception to ICA,3(c)(7) Exception to ICA,3-05s,3-14s,363 Sale,4% Excise Tax,409A,5% Asset Test,5/50 Test (Closely Held Test),75% Asset Test,75% Income Test,90% Distribution Test,95% Income Test,Abandonment,Abatement,Absolute Assignment,Abstract,Accelerated Cost Recovery System (ACRS),Accelerated Depreciation,Acceleration,Access / Accessibility,Accounts Receivable,Accretion (Alluvion),Acquisition Fee,Acquisition Loan,Additional Insured (Additional Named Insured),Additional Rent,Adjusted Capital Account Deficit,Adjusted Funds From Operations (AFFO),Adjusted Gross Income (AGI),Administrative Agent Fee (Agency Fee),Adverse Possession,Affidavit of Title,Affiliate,Affirmative Covenant,Affirmative Easement,After Acquired Property,Aged Receivables,Agreed Value,Air Rights,Alienation,All or Substantially All,Allocated Loan Amount,Allonge,American Land Title Association (ALTA),ALTA Statement,Alteration,Amendment,American Institute of Architects (AIA),Americans With Disabilities Act (ADA),Amortization,Amortization Schedule,Anchor,Annual Budget: Approved,Annualized Net Effective Rent,Anti-Deficiency Statute,Anti-Dilution,Applicable Margin,Appraisal,Appraisal Institute (AI),Appraised Valuation (Valuation),Appreciation,Appurtenance,Arbitration (Alternative Dispute Resolution),Arbitrator,Article 8 Opt-In,Article 9,Articles Supplementary,Asbestos Containing Materials (ACM),As-Extracted Collateral,As-Is (Where-Is),Assessed Value,Assessment,Asset Allocation,Asset Class,Asset Test / Taxable REIT Subsidiary (TRS) Asset Test,Assignment of Contracts,Assignment of Rents and Leases,Association,Assumable Loan (Assumable Mortgage),Assumption,At the Market Program (ATM Program),Attornment,Audit,Audit Committee,Automatic Stay,Average Daily Rate (ADR),Avulsion,Award,B Piece,Backup Contract,Backup Offer,Balloon,Bankruptcy,Bankruptcy Code,Base Building,Base Building Systems,Base Management Fee (Special Management Fee),Base Rate,Base Rent,Base Year,Basket,Beneficial Ownership,Beneficiary,Bid Rigging,Bifurcation of Lease,Big Box,Bill of Sale,Blanket Easement,Blanket Lien,Blanket Mortgage,Blind Pool REIT,Blocker Entity,Blue Sky Laws,Board of Directors,Boilerplate,Bona Fide Purchaser (BFP),Bondable Lease,Bonds,Bonds: Completion,Bonds: Payment,Bonds: Performance,Bonds: Surety,Book Value,Bookings,Books and Records,Borrower,Basis Points (BPS),Brand Name,Brand Standards,Brand Trademarks,Branded Residential,Breakage Costs,Breakpoint,Bridge Loan,Bring Down Certificate,Bucket,Budget: Annual,Budget: Capital,Budget: Construction,Budget: Operating,Budget: Proposed,Buffer,Builder’s Risk Insurance,Building Code,Building Systems,Build-Out,Build-to-Suit,Bulk-Sales Affidavit,Bureau of Indian Affairs (BIA),Buy-Sell,C Corporation,Cage Cash,California Association of Realtors (CAR),California Land Title Association (CLTA),Call Right,Cap (Ceiling),Capital Account,Capital Appreciation,Capital Call,Capital Contribution,Capital Expenditure (Capex),Capital Gain / Capital Loss,Capital Gain Dividend,Capital Improvements (Capital Repairs),Capital Lease,Capital Structure,Capitalization Rate (Cap Rate),Capitalize,Carried Interest,Carryforward,Carveout,Cash Available for Distribution (CAD),Cash Equivalent,Cash Flow,Cash Flow Participation,Cash Management Account,Cash Management Agreement,Cash on Cash,Cash Out Financing,Cash Sweep,Cash Trap,Casualty Insurance,Cause (Cause Event),Caveat Emptor,Centralized Marketing Program,Centralized Services,Certificate of Good Standing,Certificate of Insurance (COI),Certificate of Occupancy (CO or CofO),Chain of Title,Change Order,Charge Off (Write Down),Charter,Chattel,Chattel Mortgage,Churn Rate,City Ledger,Claims Made Policy,Class of Building,Class of Stock (Class of Interest),Clawback,Clean Title,Clogging the Equity of Redemption,Closing (Purchase and Sale),Closing Checklist,Closing Condition,Closing Costs,Closing Date,Closing Documents,Closing Instruction,Closing Memo,Closing Statement,Club Deal,Code,Coinsurance,Co-Lender Agreement (Syndication Agreement),Collar,Collateral,Collection Account,Comfort Letter,Commencement Date,Commercial Mortgage-Backed Security (CMBS),Commission,Commitment (Capital),Commitment Fee,Commitment Letter,Commitment (Title Insurance),Common Area,Common Area Maintenance (CAM),Community Reinvestment Act (CRA),Comp,Compact,Competitive Bidding,Competitive Set,Completion Guaranty,Comprehensive Environmental Response Compensation and Liability Act (CERCLA),Computer Assisted Drawing (CAD),Concept Drawings,Condemnation,Conditional Sale,Conditional Use Permit,Conditions Precedent,Condo Hotel (Condotel),Condominium,Condominium Conversion,Conduit Loan,Confirmation Order,Connected Load,Consent Dividend,Consideration,Construction,Construction Contract,Construction Document (CD),Construction Drawings,Construction Loan,Construction Manager,Construction: Build-Design,Construction: Fast Track,Construction: Take-Out Buyer,Constructive Eviction,Constructive Ownership,Consumer Price Index (CPI),Contiguous,Contingency,Contingent Obligation,Contingent Rent,Contraction Right,Controlling Holder,Cooling Off Period,Cooperating Broker,Cost of Capital,Cost Overruns,Cost Recovery,Cost-Plus Contract,Co-Tenants,Counterparty,Course of Dealing,Covenant,Covenant of Quiet Enjoyment,Covenants, Conditions and Restrictions (CC&R),Cramdown,Credit Agreement (Loan Agreement),Credit Bid,Credit Enhancement,Credit Rating,Credit Tenant Lease,Creditor’s Rights,Cross-Collateralized,Cross Default,Curb Appeal,Cure,Cure Period (Grace Period),CUSIP Number,Custodian,Customary Services,Damages,Datedown Endorsement,Dealer Property,Debt Maintenance,Debt Service Coverage Ratio,Debt Service Reserve (DSR),Debt Stack (Capital Stack),Debt to Equity Ratio,Debtor in Possession,Debtor in Possession Financing (DIP Financing),Deed,Deed in Lieu of Foreclosure,Deed: General Warranty,Default,Default Interest / Rate,Defeasance,Defeasance Collateral,Deferred Maintenance,Deficiency,Deficiency Dividend,Deficiency Judgment,Delay Damages,Demand Load,Demising Wall,Deposit,Depositary (Depository Bank),Depreciation,Design Development,Designated Individual,Development Density,Development Management Fee,Development Yields,Dilution,Diminution,DIP Financing,Disbursement Agreement,Discharge,Discount Rate,Discounted Cash Flow,Disguised Sale,Disposition Fee,Dispute Resolution Provision,Disregarded Entity (DRE),Dissolution,Distribution,Diversification,Dividend Coverage,Dividend Payout Ratio,Dividend Reinvestment Plan (DRIP),Dividends Paid Deduction (DPD),Doctrine of Merger,Domestically Controlled REIT,Dominant Tenement,DownREIT,Drag Along Right,Dragnet Clause,Draw,Dry Closing (Pre-Closing),Dry Powder,Dual Agency,Due Diligence,Due Diligence Period (Inspection Period),Due on Sale Clause,Duty to Mitigate,Early Access,Earn Out,Earnings Before Interest, Taxes and Amortization (EBITA),Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA),Easement,Easement by Necessity,Easement in Gross,EBITDA: Adjusted,Economic Interest,Egress,Eligible Independent Contractor (EIK),Emergency Capital Requirements,Emerging Issues Tax Force (EITF),Encroachment,Encumbrance,Endorsement,Engagement Letter,Engineering Report,Enterprise Value,Environmental Indemnity,Equitable Subordination,Equity,Equity Kicker,Equity Market Capitalization,Equity of Redemption,Equity Recharacterization,Equity REIT,Escalation Provision,Escrow,Escrow Instructions,Escrow Style Closing,Estoppel,Estoppel Certificate,Event of Default,Evergreen,Eviction,Excess Cash Flow,Excess Cash Flow Sweep,Exchange Accommodation Titleholder (EAT),Exclusive (Exclusivity),Exculpation,Executory Contract,Exit Rights,Expansion Right,Expansion Space,Extend and Pretend,Extended Coverage Title Policy,Extension Right,Externally Managed,Fair Market Value (FMV),Falling Out of Escrow,Federal Funds,Federal Home Loan Mortgage Corporation (Freddie Mac),Federal National Mortgage Association (Fannie Mae),Fee (Fee Simple Title),Fiduciary Duty,Filing,Financeable,Financial Accounting Standards Board (FASB),Financial Covenant,Financial Industry Regulatory Authority (FINRA),Financial Statements,Financial Statements: Audited,Financial Statements: Balance Sheet,Financial Statements: Cash-Flow Statement,Financial Statements: Certified,Financial Statements: Unaudited,Financing (Leverage Policy),Financing Contingency,Financing Fee,Financing Statement (UCC-1, UCC-3),Finder’s Fee,Fire Sale,FIRPTA Distribution,Fiscal Year,Fitch,Fixed Charge Coverage,Fixed Rate,Fixed Rate Loan,Fixture,Fixture Filing,Fixtures, Furniture and Equipment (FF&E),Flip,Floating Rate,Floating Rate Loan,Flood Certificate,Flood Zone,Floor,Floor-Load,Floor-to-Area Ratio (FAR),Flow Through Entity,Food and Beverage (F&B),Forbearance,Force Majeure (Act of God),Forced Sale Right,Forcible Entry,Foreclosure,Foreign Investment in Real Property Tax Act (FIRPTA),Fractional Interest (Fractional Ownership),Franchise Agreement,Franchise Disclosure Document (FDD),Franchisor Comfort Letter,Fraudulent Conveyance (Fraudulent Transfer),Free Rent,Funded Commitment,Funded Redemption,Funds Flow Memorandum,Funds From Operations (FFO),Further Assurances,Gap Coverage (Title Coverage),Gap Undertaking,Garden Style,Garn-St. Germain Depository Institutions Act,General Contractor (GC),General Partner,Generally Accepted Accounting Principles (GAAP),Go Hard,Grandfathering,Grantee,Granting Clause,Grantor,Grantor-Grantee Index,Gross Asset Value (Gross Real Estate Investment),Gross IRR,Gross Lease,Gross Lease With Base Year,Gross Operating Profit (GOP),Gross Revenue,Gross Sales,Gross-Up (Gross-Up Provision),Ground Lease (Land Lease),Guarantor,Guaranty,Guest Data,Guest Ledger,Guide 5,Haircut,Hard Cost,Hard Lockbox,Hard Money,Harvest Period,Hazardous Materials (Hazardous Substances),Heating, Ventilation and Air Conditioning (HVAC),Hedge,Hedge Provider,Held for Sale,Hell or High Water Lease,High-Rise,Hold Harmless Clause,Holder in Due Course,Holding Company,Holdover,Hurdle,Hurdle Rate,Hybrid REIT,Impact Fee,Impermissible Services (Bad Services),Impermissible Tenant Services Income (ITSI),Implied Equity Market Cap,Impound Accounts,Improvement,In-House Asset Management,In the Money,Incentive Fee,Income Statement,Income Tests,Increased Costs Provision,Incumbency Certificate,Indebtedness,Indemnification (Generally),Indenture,Independent Contractor (IK),Independent Director,Index,Index Mutual Fund,Information Rights,Ingress,Initial Capital Contribution,Installment Sales Contract,Insurable Interest,Insurance: All-Risk,Insurance: Business Interruption,Insurance: General Liability,Insurance: Property,Insured Protection Letter (Closing Protection Letter),Intercreditor Agreement,Interest,Interest Accrual Period,Interest Only (I/O) Strip,Interest-Only Loan,Interest Payment Date,Interest Rate,Interest Rate Cap,Interest Rate Floor,Internal Rate of Return (IRR),Internal Revenue Code,Internalization,International Finance Reporting Standards (IFRS),International Swaps and Derivatives Association (ISDA),Investment Advisers Act (IAA),Investment Company Act (ICA),Investment Criteria,Investment Grade,Investment Period,Investment Policy,Involuntary Bankruptcy,Ipso Facto Clause,ISDA Master,ISDA Schedule,Issuer,Issuing Bank,Joint Tenants,Judgment Proof,Judicial Foreclosure,Junior Debt,Just Compensation,Key Man Provision,Key Money,Keys,Kick the Can Down the Road,Know Your Customer (KYC),Land Grant,Land Use,Landlord’s Lien (Lessor’s Lien),Landlord’s Lien Waiver,Landlord’s Work,Last Twelve Months,Late Charge,Latent Defect,Leakage,Lease,Lease Incentives,Lease Intangibles,Leasehold Estate,Leasehold Financing,Leasehold Interest,Leasehold Mortgage,Leasehold Mortgagee,Leasehold Mortgagee Protections,Leasehold Policy,Lease-Up,Leasing Commission,Leeching,Legal Description,Lender Liability,Lender’s Policy,Letter of Credit (L/C or LOC),Letter of Intent (LOI),Leverage,Leveraged Buyout (LBO),Leveraged Lease,License,License Agreement,Lien,Lien Law,Lien Theory,Lien Waiver,Like-Kind Exchange (Section 1031 Exchange),Limited Partner,Limited Partnership,Limited Rental Exception,Liquidated Damages,Liquidation,Liquidity,Lis Pendens,Listing,Listing Agreement,Loan Commitment,Loan Component,Loan to Own,Loan to Value (LTV) Ratio,Locals Market,Lockbox (Lockbox Account),Lockbox Account Agreement,Lockout Period,London Interbank Offered Rate (LIBOR or L+),Long-Term Capital Gain,Long-Term Capital Loss,Long-Term Incentive Plan (LTIP) Units,Loss of Rental Income Insurance,Loss Payee,Lost Note Affidavit,Lot,Lot and Block,Loyalty Program,MAE Qualifier,Magic Page,Maker,Make-Whole,Managed by Board Requirement,Management Agreement,Management Fee,Managing Member (Managing Partner),Mandatory Advance,Mandatory Prepayment,Margin (Spread),Mark to Market (MTM),Marshaling,Maryland General Corporation Law (MGCL),Master Landlord,Master Lease,Master Repurchase Agreement (Master Repo),Master Servicer,Material Adverse Effect,Material Modification,Maturity,Mechanic’s Lien,Member,Member, Appraisal Institute (MAI),Membership Interest,Memorandum of Lease,Memorandum of Understanding (MOU),Merger Clause (Integration Clause),Metes and Bounds,Mezzanine Loan,Mezzanine Purchase Option,Mineral Rights,Minimum Rent,Mitigation,Mixed Use,Modified Accelerated Cost Recovery System (MACRS),Modified Funds From Operations (MFFO),Modified Gross Lease,Modified Net Lease,Monetary Event of Default,Month-to-Month Lease,Monument Sign,Moody’s,Mortgage / Deed of Trust,Mortgage Pool,Mortgage REIT,Mortgaged Property,Mortgagor,MSCI US REIT Index,Multiple Listing Service (MLS),Mutatis Mutandis,National Association of Real Estate Investment Trust (Nareit),National Indian Gaming Commission (NIGC),Negative Amortization,Negative Covenant,Negative Easement,Negative Pledge,Negligence: Active, Passive, Gross, Simple, Ordinary,Net Asset Value (NAV),Net Asset Value Per Share (NAVPS),Net Capital Gain,Net Debt,Net Operating Cash Flow,Net Operating Income (NOI),Net Proceed,Net Worth,Net Worth Covenant,New York Style Closing,No-Action Letter,NOI,Non-Circumvention,Non-Compete (Competition Restrictions),Nonconforming Use,Non-Consolidation Opinion (Non-Con),Non-Contributing Member or Partner,Non-Judicial Foreclosure,Non-Monetary Event of Default,Nonqualified Publicly Offered REIT Debt Instrument,Nonqualifying Asset (Bad Asset),Nonqualifying Income (Bad Income),Non-Recourse Carve-Out Guaranty (Bad Boy Guaranty),Non-Recourse Loan / Limited-Recourse Loan,Non-Traded REITs,Non-Transferring Member or Partner,Note / Promissory Note,Notice of Commencement,Notice of Completion,Notice of Non-Responsibility,Nuisance,Objection Letter (Title Objection Letter),Obligation,Occupancy Rate,Occurrence Policy,Offering Legends,Office of Foreign Assets Control (OFAC) List,Officer,Officer’s Certificate (Secretary’s Certificate),Off-Track Betting (OTB),One Action Rule (One Form of Action Rule),One-Off,OP Unit Redemption Right,OP Units,Opco / Propco Structure,Open Listing,Operating Account,Operating Cost,Operating Expense,Operating Expense Base,Operating Expense Exclusion,Operating Income,Operating Lease (True Lease),Operating Partnership (OP),Ordinary Income,Organizational Expense,Owner’s Policy,Ownership Limit,Ownership Limit Waiver (Excepted Holder Limit),Paired-Share,Paper Clip REIT,Par Value,Pari Mutuel,Pari Passu,Partial Taking,Participating Loan,Participation,Partner,Partner Minimum Gain (Member Minimum Gain),Partner Nonrecourse Deduction (Member Nonrecourse Deduction),Partnership Built-In Gain / Loss,Partnership Expense,Partnership Interest,Partnership Minimum Gain (Company Minimum Gain),Partnership Representative,Pass Through,Pass Through Expenses,Passive Income / Losses,Patriot Act,Payment in Kind (PIK),Payment in Lieu of Taxes Agreement (PILOT Agreement),Payoff Letter,Penetration Index,Pension-Held REIT,Percentage Interest,Percentage Rent,Perfect / Perfection / Perfection Under Article 9,Performance Test,Periodic Tenancy,Permanent Lender (Take Out Lender),Permitted Debt / Permitted Encumbrances / Permitted Exceptions / Permitted Liens,Permitted Investments,Permitted Transfer,Perpetual Easement,Personalty,Phase I Environmental Site Assessment (Phase I ESA),Phase II Environmental Site Assessment (Phase II ESA),Placement Agent,Plan Asset Regulations,Plan Assets,Plan of Reorganization,Planned Unit Development (PUD),Plans and Specifications,Plat Act,Pledge Agreement,Pledgor,Political Risk Insurance (PRI),Portfolio,Portfolio Company,Portfolio Financing,Positive Spread Investing (PSI),Possession,Possessory Collateral,Power of Attorney,Preference,Preferential Dividend,Preferred Return,Preferred Stock / Preferred Equity,Preliminary Plans,Preliminary Title Report (PTR),Premises / Demised Premises,Prepackaged Bankruptcy (Pre-Pack),Prepayment Penalty / Prepayment Premium / Yield Maintenance / Prepayment Fee,Prescriptive Easement,Prime Rate,Priming Lien,Principal,Principal Balance,Priority,Private Company,Private Equity,Private Placement,Private REIT (Baby REIT or Subsidiary REIT),Privity of Contract,Pro Forma,Pro Forma Title Policy,Procuring Cause,Profit,Prohibited Transaction,Prohibited Transaction Safe Harbor,Project Cost,Project Finance,Project Loan,Property,Property Diligence Questionnaire (PDQ),Property Management Fee,Property Manager,Prorations: Rent, Tax, Utilities, Insurance,Protective Advance,Publicly Offered REIT,Punchlist,Punitive Dilution,Purchase and Sale Agreement (PSA),Purchase Money Mortgage / Owner Financing,Purchase Option,Put Right,Qualified Foreign Pension Fund,Qualified Healthcare Property,Qualified Lodging Facility,Qualified Shareholder,Qualified Transferee,Qualifying Asset (Good Asset),Qualifying Income (Good Income),Quiet Title,Race Statute,Race-Notice Statute,Racing,Rack Rate,Racketeer Influenced and Corrupt Organizations (RICO),Rate: Adjustable / Variable / ARM (Adjustable Rate Mortgage),Rating Agency,Ready, Willing and Able Buyer,Real Estate Asset,Real Estate Board of New York (REBNY),Real Estate Investment Trust (REIT),Real Estate Mortgage Investment Conduit (REMIC),Real Estate Operating Company (REOC),Real Estate Owned (REO),Realty,Reasonable Cause Opinion,Recapture (Recapture Right),Recapture of Depreciation (Depreciation Recapture),Receiver (Receivership),Reciprocal Easement Agreement (REA),Recorder,Recording Instruction,Recording Taxes (Recording Fees),Redemption,Redevelopment,Redevelopment Agency,Redevelopment Yields,Refinancing,Registered Representative,Regulation D (Reg D),Regulation S-X,Regulation Z,Reinstatement,Reinsurance,REIT Built-In Gain Tax (Sting Tax),REIT Exchange Traded Funds (REIT ETF),REIT Investment Diversification and Empowerment Act (RIDEA) Structure,REIT Opinion,Relate Back Dividends (Pull Back Dividends or Section 858 Dividends),Related Party Tenant,Release of Mortgage / Lien / Claims,Release Price,Releasing Spread,Relief From Stay,Relinquished Property,Renewal Option,Rent,Rent Adjustment,Rent Commencement Date,Rent Concession,Rent Insurance — Loss Rental / Rental Loss Insurance and Business Interruption Insurance,Rent Roll,Rentable Area,Rental Pool (Rental Program),Rents From Real Property,Replacement Cost (Replacement Value),Replacement Property,Representations and Warranties,Request for Notice,Reserve Accounts (Reserve Funds),Restoration,Restriction on Alienation,Retainage (Retained Funds),Revenue per Available Room (RevPAR),Reversionary Interest,Revolver (Revolving Facility),RevPAR Index,Right of First Offer (ROFO),Right of Reentry,Right of Way,Riparian Right,Risk Factor,Risk of Loss,Roll-Up,Rule Against Perpetuities,Run With the Land,S&P,S-11,Sale and Leaseback (Sale-Leaseback),Sale Notice,Sale Protection,Same Store,Schedule B-I,Schedule B-II,Schedule III,Schematic Design,Secondary Shelf,Section 704(c) Method,Section 83(b) Election,Section 892 Investor,Secured Financing,Securities Act of 1933,Securities Exchange Act of 1934 (Exchange Act),Securities and Exchange Commission (SEC),Securities Investor Protection Corporation (SIPC),Securitization (Securitized),Securitization Vehicle,Security Agreement,Security Deposit,Security Interest,Self-Help,Self-Insurance,Self-Insured Retention,Seller Financing,Senior,Senior Loan,Separateness,Separateness Covenants,Settlement Statement,Severing,Shareholder Demand Letter / Stock Ownership Questionnaire,Sheriff’s Sale,Shop Drawings,Short Sale,Short-Form Lease,Short-Term Investment Income,Side Car,Side Letter,Sight Draft,Significance Tests,Single-Member LLC,Single-Purpose Entity (SPE),Site Conditions,Situs,Soft Cost,Soft Lockbox,Sold Out Lender,Sources and Uses,Sovereign Immunity,Special Improvement District,Special Purpose Vehicle,Special Servicer,Specific Performance,Splitter,Sponsor,Springing Lockbox,Springing Member,Stabilization,Standstill,Staple Financing,Star Report (STR Report),Statute of Frauds,Step-In Rights,Stock Purchase Agreement (SPA),Stock Transfer Restrictions,Stop Notice,Straight-Line,Structural Subordination,Sub Escrow,Subcontractor,Subdivide,Sublease,Sublessee (Subtenant),Sublessor (Sublandlord),Submetering,Subordination,Subordination and Non-Disturbance Agreement (SNDA),Subprime,Subrogation,Subsidiary,Substantial Completion,Substantive Consolidation,Substitute Space / Relocation Right / Swing Space,Subsurface Leeching,Successor Agency,Suitability,Supermajority in Interest / LP Votes or Bank Group,Surface Water,Surplus,Surrender,Survey Certification,Survey: Arial,Survey: As Built,Survey: Boundary,Survey: Topographic / Contour Map,Swap,Sweep,Syndication,Synthetic Lease,Synthetic Letter of Credit,Synthetic Secondary,Table Games,Tag Along Right,Tap-in Fee,Tax Advance (Tax Distribution),Tax Base,Tax Gross-Up,Tax ID Number,Tax Liability Distributions,Tax Matters Partner (Tax Matters Member),Tax Protection Agreement (Tax Matters Agreement),Taxable REIT Subsidiary (TRS),Taxable Stock Distribution,Taxable Year,Temporary Easement,Temporary Taking,Tenancy,Tenancy at Sufferance,Tenancy at Will,Tenancy in Common,Tenant Improvement (TI) Allowance,Tenant’s Proportionate Share (Tenant’s Share),Tenant’s Rights,Tenant’s Work,Tenants by the Entirety,Term,Term Conversion / Mini-Perm,Term Loan,Term Sheet,Test Period / Measurement Period,Title Instructions,Title Search,Title Theory,Torrens System,Transfer,Total Taking,Transfer Restriction,Transfer Taxes,Tree,Trustee’s Deed,Umbrella Partnership Real Estate Investment Trust (UPREIT),Underlying Documents,Unlawful Detainer,US Real Property Holding Corporation (USRPHC),US Real Property Interest (USRPI),Use Clause,Vacancy Rate,Variance,Vesting Deed,Voluntary Bankruptcy,Voluntary Prepayment,Walk Through,Waste,Waterfall,Wetland,Wild Deed,Wins Per Day,Work Letter,Worker Adjustment and Retraining Notification Act (WARN Act),Worker’s Compensation Insurance,Working Capital,Wraparound Mortgage,Yank-a-Bank,Yardi,Yield,Yield Spread Premium (Yield Maintenance Premium),Zero Lot Line,Zone of Insolvency (Zone of Silence),Zoning,Zoning Map,Zoning Ordinance,Control,Unfunded Commitment,Non-Traditional REIT,Traditional REIT,Straight REIT,Triple Net Lease