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- Waiver
- A voluntary relinquishing of certain rights or claims.
- Waiver of Subrogation
- Protects each party in a lease from being sued for the recovery of damages by a third party that has a claim against the other party.
- Warranty
- A legally binding promise to do something in the future.
- Weighted average method
- A technique for calculating the vacancy rate for a market area by dividing the sum of the vacant space by total space in the market.
- Wraparound mortgage
- A loan made to a buyer for the remaining balance of a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan.
Some definitions come from the Certified Commercial Investment Member Institute (CCIM).
