Glossary A-Z

A

Amendment or Additional Clause

The description for Amendment or Additional Clause was not provided in spreadsheet.
A document aiming at modifying a clause in a contract
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C

Commercial Lease

The description for Commercial Lease was not provided in spreadsheet.
A lease related to the use of real estate for a commercial purpose, which means when the tenant is running a business. It can encompass office space, retail space, warehouse, factory, etc...
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D

Down Payment

The description for Down Payment was not provided in spreadsheet.
An initial payment made when acquiring a good, based on a percentage of the total price. In real estate, it aims to guarantee the engagement of the buyer in the fulfilment of the contract. This might be the equivalent of one months’ rent, management and government rates. 
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G

Guarantor

The description for Guarantor was not provided in spreadsheet.
Person or corporation that vouch for the execution of a contract and can be held financially responsible for any bad debt or legal action against the corporation (or tenancy).
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L

Lease

The description for Lease was not provided in spreadsheet.
A contract underwritten between two individuals or companies that formalises the lease duration and amount of rent to be paid plus any other legally binding terms in relation to the use of real estate.
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