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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.

Rent free period

A commonly accepted timeframe, typically spanning a few weeks or months, in which a tenant is permitted to utilize the designated property without the obligation of rent pay...

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Refurbishment

When it comes to the enhancement and advancement of a structure, it is important to note the distinction between rebuilding or redevelopment and making improvements. In most...

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Xystus

A covered colonnade, known as a stoa, served as a gathering place and exercise area for ancient Greek athletes. Similarly, a garden walk, often lined with trees, provides a ...

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Lease agreement

A lease, a binding contract between a lessor and lessee, grants the tenant the right to use and control a property for a set period of time. This written agreement outlines ...

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