| Improvement Ratio |
Stated as a percentage - this is the ratio of the tax assessor's opinion of the assessed value of the improvements divided by the assessed value of the whole property.
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| In-line Store |
A retail outlet placed contiguous to neighboring retailers such that their frontages are in a straight line and behind what is considered the lease line. Tenants operating in the common area are not considered in-line.
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| Index Lease |
A provision in a lease agreement that requires escalations in rent based on a published index, such as LIBOR, T-bills, or a cost of living index such as CPI.
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| Indoor Air Quality (IAQ) |
The quality of air that affects the health and well-being of building occupants.
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| Industrial Gross Rent |
A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. Exact details must be confirmed for each lease.
See Services
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| Industrial Property |
A type of building(s) adapted for a combination of uses such as assemblage, processing, and/or manufacturing products from raw materials or fabricated parts. Additional uses include warehousing, distribution, and maintenance facilities.
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| Insurance Company |
In general, an organization chartered to operate as an insurer.
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Trout Daniel & Associates thanks costar (www.costar.com) for permission to use many of the glossary terms and definitions on this page. |
