List of
Leasing Terms
Defined in this Glossary

 

Glossary of Real Estate Leasing

   

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Definition of Common Area

“Common Area” is an area within a building that meets all of these three tests: (1) the area is not leased for exclusive use by any tenant; (2) the area is made available for shared use by more than one tenant; and (3) the lessor/landlord retains responsibility and control over the area.


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DISCLOSURE:  Some of the definitions of leasing terms in this glossary have been tailored to reflect the common practice in the leasing of smaller-sized commercial properties in Northern California.  These definitions are not intended to be the legal definitions that would typically be used in a legal proceeding.


 

 

 

 

 

 

   

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