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tennessee real estate glossary

Nashville Real Estate Glossary O
From Open Space, Operating Cost Escalation, Operating Expense, to Out-Parcel

Return to the Real Estate Glossary

Offer - A proposed stated sale price or price range for whole loans or securities.

Open space - A largely undeveloped area of land or water dedicated for public or private use.

Operating cost escalation - Escalation clauses are intended, through a variety of ways, to adjust rents by external reference standards such as a published index, negotiated wage levels, or ownership and operation expenses of a building.

Operating expense - Actual costs associated with using a property, such as maintenance and repairs, management, taxes, utilities and insurance.

Opportunistic - A phrase generally describing investments in underperforming and/or under sub par managed assets that have an expectation of near-term increases in cash flow and value.

Out-parcel - Individual retail site of each business in a shopping center or mall.

spring hill

Tentara Properties
230 Franklin Road, Suite 810
Franklin, TN 37064

Phn: 615.591.8911
Fax: 615.807.2723
Apts: 615.394.2029


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