N – Compendium of Real Estate Terms & Concepts

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NUISANCE VALUE

This is the value, which a person having an interest in land is ready to pay in order to change, for example, the position of an improvement, which could have hitherto been of negative effect to his/her living but positive to others; or a generally negative effect to the whole…
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NET LEASE

Net financing cost is also called the cost of carry or, simply, carry, the difference between the cost of financing the purchase of an asset and the asset's cash yield. Positive carry means that...
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NEGOTIATION

Negotiation is the process of bringing two sides to an agreement about terms and conditions. This begins the moment there is a response to a question about the space from a prospective tenant. Knowing the business goals the building must meet to reach the owner's financial objectives is academic; negotiating…
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