Commercial Mortgage-Backed Securities (CMBS) are a type of mortgage-backed security that is secured by mortgages on commercial properties rather than residential real estate.
A demising partition is a barrier or partition used to separate two adjacent tenant spaces or to separate a tenant space from common areas, such as corridors, in commercial real estate. This term is commonly used in the context of lease agreements and construction specifications.
A gable roof is a type of roof characterized by its triangular shape, with the ridge forming an angle at the top and each eave forming an angle at the bottom.
Historic Preservation is an effort, often with government sponsorship, aimed at preventing the destruction of residential properties and commercial properties deemed of historical significance.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!