In the context of real estate, an assessment refers to the amount of tax or special payment due to a municipality or association, or an owner’s or lessee’s proportionate share of a common expense.
A bond-type lease is a type of net lease requiring the tenant to pay rent for the entire lease term, providing a near-guaranteed income stream to the landlord and often resulting in favorable rental rates for the tenant. This lease arrangement continues regardless of any damage to the leased property.
A Net Lease is a type of lease agreement where the tenant agrees to pay not only the base rent but also additional costs associated with the property, such as taxes, insurance, and maintenance. This arrangement ensures that the landlord's rent receipt is 'net' of these expenses.
Pass-Throughs refer to operating expenses that a tenant may be required to pay in addition to base rent as detailed in the lease agreement.
