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Property

Rack-rent

is known as a rack rent. A term commonly used in the real estate industry, rack rent refers to the maximum rent that can be charged for a property based on its current market value and agreed upon terms and conditions. This type of rent typically reflects the highest possible return on investment for the property owner. Understanding this concept is crucial for anyone involved in the finance and property sectors.

Yield up

When a tenant vacates a property at the end of their lease, they are relinquishing possession. This means they are giving up their right to occupy the space and are returnin...

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Flatted factory

A multi-storey industrial building, equipped with multiple goods lifts, designed for the purpose of accommodating several businesses. The building is divided into smaller un...

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Pugree

In finance, we often come across the term 'interest free security deposit'. This is a common practice in India, where tenants give a refundable deposit to landlords at the b...

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Registration and mutation

When dealing with high value property transactions, it is crucial to register the sale deed at the regional sub registrar's office of the local municipal authority. This is ...

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