Balance sheet:

A financial statement that indicates the financial status of a condominium corporation or apartment building, or other revenue property, at a specific point in time by listing its assets and liabilities.Base rent:
The fixed rent paid by a tenant. This is separate from any rent paid as a result of extra charges or percentage rents.

Blended payments:
Equal payments consisting of both a principal and an interest component, paid each month during the term of the mortgage. The principal portion increases each month, while the interest portion decreases, but the total monthly payment does not change.

Budget:
An annual estimate of a condominium corporation or apartment building’s expenses and revenues needed to balance those expenses. There are operating budgets and capital budgets. (See also Capital budget.)Buildings:
The buildings included in a property. In the case of a condominium purchase, usually refers to the parts that are divided into the units and the common area.