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Article: Insuring the commercial real estate client.(UPDATE)
- Article from:
- Insurance Advocate
- Article date:
- March 23, 2009
- Author:
CopyrightCOPYRIGHT 2009 CINN Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Triple net leases, full service leases, ground leases, N.O.I., R.O.I., L.O.I., C.A.M. charges, pass thru's", T.I. costs, landlord work letter, neighborhood centers, community centers, lifestyle centers, power strips, regional malls, clear span, open span, demising walls, bearing walls, flex space, signature buildings, stand alone buildings, in-line units, end caps and capitalization rate.
These are a few of the terms used in the commercial real estate industry. As insurance agents it is not necessary to know all of these terms, however in our efforts to identify and insure the exposures of our commercial real estate clients we should understand the fundamentals ...