TENANT 

A person or entity who has possession of the property though a lease. A tenant also may be referred to as a lessee.

TENANT OCCUPIED BUILDING

A commercial real estate property that is leased to a business or businesses that operate within the space but do not own it. Depending on the agreement, the owner or tenant can be responsible for overseeing the building’s overall operations. Sustainability/smart efforts often involve collaboration between the building owner, property manager, and tenants to ensure that building policies, practices, and improvements align with both operational goals and tenant engagement. 

TENANT SERVICES CO-ORDINATOR

Delivers prompt and exemplary tenant service and is the primary contact for inquiries

TENURE

A designation that distinguishes between the renter versus owner-occupied status of a property

TMI

Taxes, maintenance, insurance

TRANSIT ORIENTED DEVELOPMENT

A development that is near a light rail station. They are usually mixed-use and encourage people to walk, bike and take the train more than drive.

TRIPLE NET LEASE (NNN)

Is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three “nets”) on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.) The landlord assumes no costs, other than those for structural repairs or new installations.