1) Exclusions of operating expenses: CAM, REIT, INSURANCE

3) Commercial lease: Lease premises to corporate or banks or companies, commercial leases are for much longer period.

Retail lease: Lease premises to retail shops like supermarkets, food courts. Period of retail lease Lesser than commercial lease.

4) Kick out

5) Tenancy at sufferance- Stay in the premises without consent of LL. Rent will increase, 125%, 150%, 200%.

Tenancy at will – Stay in the premises with the consent of LL. Rent will increase, 125%/150%/200%

Month to month tenancy.- lease will be renewed monthly on the baisi of holding of premises by the T.. Rent will be 100%.

6) Opening co tenancy- When T opens the premises, major/ anchor Tenant should be available and occupancy percentage should be higher.

operating co tenancy- During the operating period of business by T, Anchor/major T should be available in the property.

7) Yes, T can go dark, if co tenancy does meet at the right time and % occupancy is lesser than mentioned in the lease .

8) Stepped rent increase: In the whole term of lease, rent will increase every year or after every 2 or 3 year.

9) Audit clauses:

- After receiving statement from the LL, T will respond the statement in how many days.

- Send notice to LL

- T will do audit at T office/ LL office

- Trained Auditor is required or not

- If audit error if greater than 5%, charges will be paid by LL, else charges will be paid by T.

10) Types of option:

- GO dark

- Kick out

- Renewal option

- Contraction option

- Expansion option

- Auto Renewal option

- Termination option

- In lieu

11) Property- any land or building which has value is known as property.

12) Types of deposits:

-Letter of credit

-cash

- Bank guarantee

13) Assignment fee: During assignment, the charges of assignment agreement between T and third party, known as assignment fees.

14) GLA: Gross leasable area- the whole area of the building.

15) BOMA: Building owner and manager association, used to find out the rent according to the SF of the building.

16) T restriction clause:

- Assignment/ subletting

- Radius restriction

- continuous operation clause

LL restriction clauses:

- Right of first refusal

- Right of first offer

- Damage and destruction clause

17) Base Year: First year of the lease.

18) After hours utilities: Using the utilities after mentioned building hours.

Excess utilities: If T wants to use utilities more than mentioned, T has to pay extra for those utilities.

19) Recapture rights: LL has the right to recapture the premises in case of violation of any terms and condition of the lease by the T.

20) NSF charges: Non sufficient funds. If T is not able to give rent before due date or does not pay the full rent before due date. That is NSF.

21) Lease audit: examine all documents related to lease, and about the property space.

22) Cap types: Fixed amount, % increase, % increase according to per SF.

23) Insurance maintained: hazard and Fire insurance, property insurance, premises insurance, natural calamities insurance, liability insurance.

24) Rent abatement is free rent and rent offset is, if T has given excess amount for any work, he will adjust that in rent.