WORD LIST

THE WORD MANUFACTURING COMPANY – WORD LIST & DEFINITIONS:

WORD ECOSYSTEM: A grouping of words linked together based upon a central theme or concept, resulting in definition uniformity.  Using Prefixes and suffixes serve as the most common methods of grouping letters to create terminology associations.

Since the word premises encompasses the central theme of real estate as a collection of assets and activities on site that are influenced by various people, additional suggested terms phonically linked to the premi-[ses] theme, are, and will be developed.  The following nouns are listed in in alphabetical order, along with sample sentences:

Premiarea:  An area of the premises, including reference to dimensions and sections.

  • “The San Pedro Cliff
    Apartments premiarea spans over
    fifteen acres.”

Premicare:  Premises involved in the healthcare
industry, including senior living facilities, nursing homes and hospitals.

  • “More investors expand their
    premicare portfolios to include
    assisted-living properties, as baby boomers demand additional services.”

Premicenter: The center of activities
within the premises.  Also refers to a
larger complex with many properties, the focal point.

  • “An ice-skating rink serves
    as the premicenter linking four
    buildings located within the Acme Office Park.”

Premicomp:  For the purpose of analysis, a comparable
premises vs. the specific premises.

  • “When using the Market
    Approach, the appraiser discovered twelve premicomps
    of equal or greater value.”

Premicrew: Various people hired by
ownership for operating, managing, leasing and any other authorized activities
on the premises.

  • “Faso Industrial Management
    Corp. uses different premicrews for
    management and investment sales, assuring a competitive environment among
    vendors.”

Premidata:  Any information specifically
associated with the real estate premises, namely financial, physical and legal
data.

  • “The
    investors decided to shred historical financial statements and other premidata older than seven years, as a
    safety precaution to control confidential information.”

Premidate:  Any relevant dates relating to the premises,
primarily time triggers for leases, contracts and other events.

  • “Benchmark premidates for Green Garden Apartments
    include April 1st and October 1st, representing the
    spring and fall rental season lease expirations.”

Premidebt:  Any debt associated with premises, including personal property, business,
and real estate.

  • “Campbell Avenue Partners
    actively provides first mortgage and mezzanine premidebt for rehabbed condominiums.”

Premidesign:  The premises design elements, namely
architectural, engineering and structural features.

  • “The bank lobby premidesign is inspired by Louis
    Sullivan-inspired architectural style.”

Premidistrict:  A district surrounding the premises.

  • “The Lincoln Park premidistrict spans over five square
    miles.”

Premidriver:  Anyone involved with promoting and supporting
activities on the premises, including the premises itself.

  • “The mall’s anchor tenants premidrived a successful holiday show
    during New Year’s Day.”

Premiduty:  Any premises duties and responsibilities owed
to the users, community, environment, and investors.

  • “The outdated view of premiduty focuses on profits as the main
    objective of real estate ownership.”

Premiecology:  Any ecological and environmental impact issues
associated with the premises.

  • “Kotz Industries hired a premiecologist to inspect the quality of
    the well water at their headquarters campus.”

Premiengineer:  Any of the engineering professionals involved
with the premises including, but not limited to, structural, mechanical, electrical
and civil engineers.

  • “The Village of Cicero hired
    the same team of premiengineers
    employed by the neighboring community of Berwyn for designing a new city hall
    building.”

Premifault: Any problems and issues of
concern of the premises.

  • “The Heartford Insurance Company
    denied liability coverage for the premises because of too many premifaults discovered during the
    inspection.”

Premifessional:  Any professional involved with owning and
operating the premises.

  • “The investment syndicate is
    composed of four premifessionals: a
    lawyer, an architect, an engineer and a mortgage banker.”

Premiflip:  A purchase and quick subsequent sale of the premises, otherwise known as
a “flip.”

  • “Two college students became
    instant millionaires by premiflipping multiple assets near the campus.”

Premifraud:  Any fraudulent activities on the premises.

  • “The Palos Verdes Flea
    Market disallows premifraud,
    especially targeting counterfeit merchandise.”

Premifull:  A premises experiencing full occupancy, or
running at full capacity.

  • “Since the premises is
    located at the busiest intersection in Madison, across the street from the
    State Capitol, it’s always premifull.”

Premifund:  Any funds involved with investing in premises.

  • “Iowa Street Ventures is
    launching a new premifund this year.”

Premigroup: A collection of
individuals, and other entities, forming a group for the purpose of owning the
premises.

  • “Doctors from Woodstock
    Community Hospital formed a premigroup
    to develop a medical center in the immediate area.”

Premihood:  The neighborhood and surrounding area of the
premises.

  • “Redondo Beach and Torrance
    are the largest premihoods of the Del
    Amore Fashion Center.”

Premihost:  Anyone hosting and greeting users on the
premises.

  • “The security desk is the
    first premihost that most people meet
    when entering the skyscraper lobby.”

Premiland:  Any reference to land within the premises.

  • “Pawlus Industrial Park
    plans to rezone 200 acres of premiland,
    currently used as farmland.”

Premileverage:  Any financial leverage involved with the premises, including personal
property, business and real estate.

  • “ADAC Mortgage Company
    underwrites owner-occupied real estate to a maximum of 75% loan-to-value as a premileverage limitation.”

Premiloan:  Any loans associated with premises, including personal property, business
and real estate.

  • “Best Florist Global
    Industries recently obtained premiloans
    for nearly all of their retail outlets.

Premilot:  Any lots within the premises.

  • “Kotz Homes still has
    several premilots remaining within
    the Whispering Hills residential development.”

Premimanager:  Anyone involved with managing the premises.

  • “Greybone Multifamily
    Services is the nation’s largest premimanager,
    operating over a half million apartments.”

Premimatch:  Any other premises that matches the specific
premises in design, financial performance, location or other identified
characteristics.

  • “The Tracy Chevy automobile
    dealership is an economic premimatch
    to the nearby Stockton dealership – both share the same monthly sales volume
    figures.”

Premimember:  Any member of the ownership group.

  • “Myron Wisconicz is the
    founding premimember of Green Lake
    Partners.”

Premimind:  Thought leadership about premises, or a state
of mind and attitude.

  • “The Earning & Yang
    Consulting Group specializes in hospitality advisory services, preferring to
    hire premiminds from universities
    with hotel programs.” 

Preminetwork:  The network of people and technologies
associated with the premise

  • “The Wicker Park Post preminetwork boasts over thirty
    employees at that branch.”

Preminotice:  A legal or other notification regarding the
premises.

  • “The sheriff served an
    eviction preminotice for the
    apartment complex.”

Premiparcel:  Any parcel, or land component, associated
with the premises.

  • “Lucky Luzak Acres Country
    Club is composed of numerous non-adjacent premiparcels.”

Premipiece:  Any piece, or component, relating to the
premises.

  • “The Round Lake Osela resort
    features a variety of premipieces for
    entertaining tourists, namely sailboats and jet-ski rentals.”

Premiprocess:  Any processes involved with the premises
including design, construction, renovation, or any other activities for
operating and enhancing a property.

  • “The premiprocess for completing the renovation was delayed due to
    extensive permits reviews.”

Premiproof:  Any evidence relating to the premises.

  • “The attorney provided ample
    premiproof to reinforce legal title
    validity.”

Premiregion:  A region surrounding the premises.

  • “Even though the premises is
    located in Austin, most residents identify with the Oak Park premiregion.

Premirival: Competition and rivals to
the premises.

  • “The new development
    economically shocked premirivals
    within the immediate area.”

Premisale:  A partial or full sale transaction of the premises.

  • “The ownership venture
    agreed to discontinue the premisale
    when written offers arrived below expected pricing.”

Premiscene:  Any events or scenes occurring on the premises.

  • “The Bucktown Neighborhood
    Association held a big block party closing a two-block area, creating one of
    the largest premiscenes in the
    Chicago.”

Premisciencea
branch of knowledge that deals with real estate premises including history,
technology, law, design, ethics, philosophy, urban planning, financial analysis,
and valuation.

  • “The University of Wisconsin-Madison
    hired a new chair to head the Premiscience
    Department.”

Premisearch: the process of information gathering
for real estate premises research.

  • “Kowsz
    Mortgage Company does in-house premisearches
    on all agency loan requests.”

Premisection: A specific, identifiable section
of the premises.

  • “The surveyor identified the
    highest-elevation premisection of the
    land.”

Premisecurity: any measures taken to protect real
estate premises against thief, fraud, vandalism, crime, escape, espionage or
sabotage.

  • “The
    anti-terrorist premisecurity protocol
    was recently upgraded for the shopping mall.”

Premisetting:  Any place or surroundings within the premises.

  • “The apartment complex has a
    large water fountain as the entrance premisetting.”

Premisism:anything related to real estate premises.

  • “New
    York City is encouraging more development in the Bronx by offering premisism municipal tax breaks to
    developers, business owners, and tenants from adjacent boroughs.”

Premisite:Any geographic reference to real estate premises.  Linked to two other components forming the
complete definition of real estate premises, including premisist (ownership) and premispace
(usage).

  •  “Volomo Corporation advises theme park
    operators on selecting the most suitable premisites
    for constructing new recreational venues.”

Premisocial:  Social activities and gatherings within the premises.

  • “Most East Village Manhattan
    apartment buildings offer extensive premisocial
    programs for residents.”

Premisolution: Any solution and corrective
measures relating to the premises.

  • “The buyers decided to
    purchase the home with a cracked foundation, due to an affordable premisolution.

Premisource:  Any reference to the premises as a source.

  • “The neighbors complained
    that Waste Recycling Terminal Company is the premisource of local pollution in the area.”

Premispace: Any multidimensional space/time revenue unit
generating income within the real estate premises, using the three physical
dimensions of space (length, width, and height).  The fourth dimension covers the time
applicable to ownership possession and benefit. 
Premises usage tied to economics. 
Linked to two key components forming the complete definition of
real estate premises word ecosystem, based on the premi- prefix combined with a description suffix including premisist (ownership) and premisite (location).

  • “After
    an on-site audit, the church added more premispaces
    including a soda vending machine, local parking rental from neighboring tenants,
    signage income and paid property tours.”

Premispec:  Any technical specifications and details about the premises.

  • “The house premispecs,particularly
    the fireplace and pool, attracted many buyers.”

Premispecialist: any professional specializing in
various aspects of real estate premises, including development, design,
management, and supervision.

  • “The
    airport authority subcontracted a team of appraisers, accountants, and
    architects to serve as premispecialists
    for analyzing airport expansion plans.”

Premistatus:  The physical, economic and legal status of the premises.

  • “Institutional investors
    prefer premium premistatus assets,
    and will frequently outbid private investors.”

Premistorage:  Storage areas on the premises.

  • “The family recently created
    premistorage in the basement, after
    relocating items from a local self-storage facility.”

Premistrategy: Any strategy associated with
owning and operating the premises.

  • “The unseasoned investor
    lacked a clear premistrategy after
    buying the hotel.”

Premistyle:  Any style and design elements of the premises.

  • “The community asked the developer’s architect to conform to other
    buildings in the area by redesigning the project to reflect a Victorian premistyle.

Premisuite: Any rooms designed for a
specific use on premises.

  • “The penthouse unit is the
    most desirable premisuite. “

Premiswag:  Any style and design elements relating to premises, including personal
property, business, and real estate.

  • “The developer targets Gen-X
    professionals using Art Deco premiswag for
    their outlet stores.”

Premisystem: Any systems used for
operating the premises, including financial, social, physical and environmental
details.

  • “The main on-site premisystem is based upon attracting
    millennials by providing superior technology and internet service.”

Premitask: Any duties and
responsibilities assigned to the premises.

  • “The new management company
    was given extensive premitasks to
    complete as part of the major renovation program.”

Premitech:  Any technological aspects of the premises.

  • “Tobor Artificial
    Intelligence Corporation, a premitech
    startup, installed ‘Intelli-cameras’ with facial recognition at all of the
    building entrances and exits.”

Premitenant:  Any tenant using the premises
based upon a contractual obligation.

  • “Most of the premitenants decided to vacate, rather than renew, at the
    new rental rates.”

Premiterm:  Any timeline or term associated with the premises.

  • “The grocery-anchored center
    is encumbered with a 20-year lease, with seven years of premiterm remaining.”

Premitext: any documentable evidence
relating to real estate premises, including contracts, advertising literature,
emails, video/audio recording, text messages, and any other retrievable media.

  • “The tax parcel owner presented an extensive premitext collection to the County Assessor, as part of a tax
    relief request.”

Premitrack:  Any course of action taken on the premises.

  • “Investors intend to convert
    obsolete real estate assets in underserved neighborhoods into urban gardens, as
    a key premitrack strategy.”

Premitrend:  Any investment, financial, demographic, economic or other trends relating
to the premises.

  • “Population growth ranks as
    the most significant premitrend for
    investors buying in Orlando, Florida.”

Premiturf:  Any reference to an area, or turf, within the premises.

  • “Fearing trespassers,
    farmers are very protective of premiturf situated
    near national forests.”

Premiunit:  Any unit of measurement relating to premises.

  • “Office, industrial and
    retail assets typically use “square feet” as the preferred premiunit.”

Premiuser: any person, group or
organization using the premises, regardless of time duration.

  • “The office building has numerous premiusers
    requesting more bike parking facilities, including tenants from the
    adjacent apartment building.”

Premiventure:  Any financial enterprise relating to the premises.

  • “Rockingfeller Premiventure, LLC acquires vacant office
    buildings for redevelopment.”

Premivice:  Any vice activities on the premises.

  • “The police strictly enforce
    premivice violations near public
    schools.”

Premiword:  Any word, or combination of words, relating to premises discussions.

  • Premisist, Premispace, and
    Premispace
    are examples of premiwords
    recently added to real estate vocabulary.”

Premiwork:  Any type of work done on the premise including manufacturing, construction
and development.

  • “The main plant’s premiwork is limited to aircraft
    headrest manufacturing and plastics research.

Premiworld:  The overall description of premises as a real estate topic.

  • “Academia is embracing more premiworld concepts for discussing the
    principles of real estate investing.”

Premizone:  Any zones within the premises.

  • “The hospital’s quietest premizones are situated near the surgery
    recovery rooms.”

A number of these definitions overlap or perhaps redundant.  Notwithstanding, the “premi-“ prefix usage shows extreme versatility in adding words that expand the real estate premises word ecosystem.  And certainly, more words will be created, as this word ecosystem gains popularity within the industry.  A day may arrive in the foreseeable future where many more assets and terms are premismart!