LESSEE (TENANT) – A person/legal person who obtains the right to occupy and use a property under a lease agreement. MHR will do its best to avoid a deterioration in the physical, functional and aesthetic quality of real estate with regard to the operating assets that result from aging. If necessary, major repairs and renovations will be carried out to add new functions and constructions in order to strengthen the competitiveness of real estate in terms of operating assets. The necessary elements and the date of these large-scale repairs and renovations must be pre-cut by building and be carried out rationally, efficiently and intentionally in accordance with the asset management plan and asset management financing plan, taking into account factors such as their balance sheet in the overall portfolio, as well as their priority, the evening of costs and the impact on existing tenants, also taking into account sustainability. FORECLOSE – Elimination of the right, property and interest of the owner of a property or asset, usually due to a late payment. The real estate administrator has the right to use funds deposited in operating accounts held in the name of ESR-REIT or, if applicable, Viva Trust, to cover all operating, obsessive and marketed expenses and expenses, in the annual budget approved by the ESR-REIT trust, on the recommendation of the ESR-REIT agent, or, if applicable, the VT agent on the recommendation of the VT Director. VACATE – Abandonment of occupation; Make it unoccupied property. The world of real estate and real estate terms can sometimes be confusing. AUCTION AGENCY AGREEMENT – An agreement that the seller must sign when a property is listed at auction. Details on the minimum price and cost of the auction, including advertising and brokerage commission.

As a general rule, the condition implies that an agent has the exclusive right to sell the property for a period during and after the auction. ASSESSED, RATEABLE, OR TAXABLE VALUE- A value based on the definitions contained in the laws on the valuation, valuation and/or taxation of real estate. In the event of a sale of this property, the ESR-REIT trustee or the ESR-REIT manager or, if applicable, the VT manager or VT manager may also terminate the property manager`s order specifically for a property under his management, but the relevant PMAs continue to apply to the remaining real estate properties managed by the property manager under the terms of the respective PMAs. VACANCY-A rental property or a unit of it that is not rented. HOLDING DEPOSIT- An amount that a buyer gives to the real estate agent who acts for the seller. It shows the buyer`s serious commitment to the property and is usually 10% of the purchase price. GAZUMPING- Where the seller agrees to sell a property but sells it to another party on more advantageous terms. SALE CONTRAT- An agreement to sell real estate that expresses the terms of sale. MHR normally receives reports from PM on the items listed below once a month to get an idea of the operating status of real estate in relation to operating assets, to analyze the discrepancies in the results of the asset management financing plan and to take appropriate action against the MP company on the basis of the above. LESSOR (LANDLORD) – The owner of a property who transfers to another the right to occupy and use property as part of a lease agreement. MANAGEMENT AGREEMENT – A written contract that records the agreement between the owner and the property manager regarding the obligations, responsibilities and commitments of the owner and manager in the management of this property.