--- title: Leasing Lingo for Commercial Real Estate - Rose & Jones description: Commercial real estate can seem overwhelming, brush up on your leasing lingo with terms and words you may come across in commercial real estate. image: https://blog.roseandjones.com.au/hubfs/Imported_Blog_Media/iStock_5645260M-1.jpg --- Suites 10-11, 19-27 Cross St, Double Bay [+61 2 9327 6944](tel:%20+61%202%209327%206944) [Contact](https://www.roseandjones.com.au/contact/) [![Rose and jones](https://blog.roseandjones.com.au/hubfs/raw_assets/public/Rose_and_Jones_Sep2021/images/logo.svg "Rose and jones")](https://www.roseandjones.com.au/) Toggle navigation - Buying Property - [Residential](https://www.roseandjones.com.au/buyers-agents-in-sydney/) - [Commercial](https://www.roseandjones.com.au/commercial-property-buyers-agents/) - Property Management - [Residential](https://www.roseandjones.com.au/asset-management-residential/) - [Commercial](https://www.roseandjones.com.au/asset-management-commercial/) - About - [It’s Personal](https://www.roseandjones.com.au/about/its-personal/) - [Our Team](https://www.roseandjones.com.au/about/our-team/) - [Recent Results](https://www.roseandjones.com.au/about/recent-results/) - [Privacy Policy](https://www.roseandjones.com.au/about/privacy-policy/) - For Lease - [Residential](https://www.roseandjones.com.au/for-lease/residential/) - [Commercial](https://www.roseandjones.com.au/for-lease/commercial/) - Partners - [Why work with R&J?](https://www.roseandjones.com.au/why-work-with-rj/) - [Become an affiliated partner](https://www.roseandjones.com.au/become-an-affiliated-partner/) - Media - [Rose & Jones in the Press](https://www.roseandjones.com.au/news/rose-jones-media/) - [Testimonials](https://www.roseandjones.com.au/testimonials/) - [R&J Blog](https://www.roseandjones.com.au/blog) - [Area in Focus](https://www.roseandjones.com.au/focus-sydneys-prime-markets/) - Tenants - [Tenant Administration](https://www.roseandjones.com.au/tenant-administration/) - [Residential Tenant](https://www.lookatmyproperty.com.au/942321/Account/Logon?type=1001) - [Commercial Tenant](https://www.lookatmyproperty.com.au/737777/Account/Logon?type=1001) - [Contact](https://www.roseandjones.com.au/contact/) - Client Login - [Buyer](https://www.roseandjones.com.au/client-login/) - [Residential Owner](https://www.lookatmyproperty.com.au/942321/Account/Logon?type=1000) - [Commercial Owner](https://www.lookatmyproperty.com.au/737777/Account/Logon?type=1000) - Media - R&J Blog - Leasing Lingo for Commercial Real Estate # Leasing Lingo for Commercial Real Estate ### Categories: - [Buyers Agency (49)](https://blog.roseandjones.com.au/tag/buyers-agency) - [Property Management (48)](https://blog.roseandjones.com.au/tag/property-management) ![Byron Rose](https://blog.roseandjones.com.au/hs-fs/hubfs/Rose_and_Jones_Sep2021/images/author.png?width=96&height=96&name=author.png) 4 May 2018 Author: Byron Rose ### Commercial real estate can sometimes seem overwhelming with the various terms that are used. Brush up on your leasing lingo with terms, phrases or words you may come across in your commercial real estate dealings. Amenities A feature that provides comfort, convenience, or value to a property. Arrears Overdue payments on a rental agreement where recurring payments are required. Bank Guarantee A promise to pay Lessor an amount to cover losses Building Types; A Grade – Prime Building B Grade – Secondary Buildings C Grade – Older Buildings Covenant A condition as part of a deed or title in property that prohibits someone from doing/using the property in a certain way CPI Consumer Price Index Depreciation Accounting method to write off the cost of an asset over its life Disclosure Statement A summary of important commercial terms of the lease and financial obligations including rent, rent reviews, incentives, outgoings, make good, key provisions Gross Lease Rent which includes outgoings HOA Heads of Agreement (a formal leasing proposal only) Lessee Tenant (or its legal entity) Lessor Landlord (or its legal entity) Make Good An agreement on how a property should be left at the end of the lease term NABERS National Australian Build Environment Rating System Net Lease Rent plus outgoings Option Additional non mandatory lease term Outgoings Expenses associated with the property Strata Title Individual ownership of part of a property ‘a lot’ WALE Weighted Average Lease Expiry Yield Calculation of the measurement of income. The yield is calculated annually as a percentage of the cost of the asset.   Written by [**James Maxwell**](https://www.roseandjones.com.au/team-member/james-maxwell-514/) Senior Leasing Manager [james@roseandjones.com.au](mailto:james@roseandjones.com.au) [Prev Article](https://blog.roseandjones.com.au/blog/changes-stamp-duty-affect-non-resident-property-purchasers-alternative) [Next Article](https://blog.roseandjones.com.au/blog/buyers-agent-mythbusters) ![Rose and Jones Buyer's Agency](https://blog.roseandjones.com.au/hs-fs/hubfs/Imported_Blog_Media/iStock_5645260M-1.jpg?width=1998&height=1998&name=iStock_5645260M-1.jpg) ## What else can we help you with? - [Commercial Asset Management](https://www.roseandjones.com.au/asset-management-commercial/) - [Residential Buying](https://www.roseandjones.com.au/buyers-agents-in-sydney/) - [Commercial Buying](https://www.roseandjones.com.au/commercial-property-buyers-agents/) - [Auction Bidding](https://www.roseandjones.com.au/buying-property-residential/#auction-bidding) - [Vendor Advocacy](https://www.roseandjones.com.au/buying-property-residential/#vendor-advocacy) ## We're here to listen **GET IN TOUCH**