Definition
The landlord requires the COI to name the property owner as additional insured. It's renewed annually.
Proof of insurance coverage, typically required from commercial tenants and vendors.
The landlord requires the COI to name the property owner as additional insured. It's renewed annually.
An office tenant provides a COI showing $2M general liability with the landlord named as additional insured.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The pro-rata share of shared-space upkeep charged to commercial tenants.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.