Highest and best use

The supposedly available and lawful use of abandoned land or an improved structure that is physically possible, sufficiently supported, financially feasible and that results in the top value

Incentive fee

Concerns fee structures where the amount of the fee that is charged is estimated by the effectiveness of the real estate funds under management

Hold-over tenant

A renter retaining possession of the leased property following the termination of a rental

Holding period

The span of time an investor expects to have a piece of property from purchase to sale

Implied cap rate

Net operating profits divided by the sum of a REIT's equity industry capitalization and its whole overdue debt