Highest and best use

The seemingly available and legal use of unoccupied land or a restored property that is actually likely, appropriately supported, financially feasible and that results in the top value

Income capitalization value

The signal of market worth acquired for an income-performing piece of property by turning its guessed advantages into property worth through direct capitalization of likely income or by discounting the yearly cash flows for the holding period at a specified yield rate

Hold-over tenant

A tenant keeping privileges of the rental following the finish of a rental

Implied cap rate

Net working profits divided by the sum of a REIT's equity market capitalization and its total unresolved debt

Incentive fee

Applies to fee structures where the size of the fee that is charged is resolved by the effectiveness of the real estate assets under management