tenant at sufferance

Definition

A fancy legal term for someone who's overstaying their lease like an unwelcome houseguest who won't take the hint. They're technically trespassing but haven't been officially evicted yet, existing in a legal limbo of awkwardness.

Example Usage

After his lease expired and he refused to leave, Marcus became a tenant at sufferance until the eviction process completed.

Source: Property law

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ARV

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air rights

The property rights to use the vertical space above a parcel of land, which can be sold separately from the land itself. In dense cities, this lets you literally monetize thin air by selling the right to build above your property.

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Comps

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graduated lease

A lease with predetermined rent increases at scheduled intervals, allowing tenants to budget for inevitable pain. The landlord's inflation hedge disguised as transparency.

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broker price opinion

An estimate of a property's value provided by a licensed broker rather than a certified appraiser, often used by lenders for less critical valuations. It's the fast-food version of an appraisal—quicker, cheaper, and potentially less reliable.

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operating expenses

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