Hold-over tenant

A renter keeping ownership of the rental following the expiration of a lease

Holding period

The total length of time an investor estimates to have a piece of property from purchase to sale

Improvements

In the case of renting, the word generally refers to the renovations made to or inside a structure but can consist of any lasting structure or additional development, such as a street, sidewalk, utilities, etc.

Incentive fee

Concerns fee structures where the total amount of the fee that is billed is resolved by the effectiveness of the real estate assets under management

Highest and best use

The reasonably available and appropriate use of vacant land or a restored property that is physically likely, appropriately sustained, financially feasible and that ends in the highest value