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Property

Rental advance

An important term in the world of finance is the advance rent payment, also known as a lump sum payment, made by a tenant to the landlord at the start of a lease. This amount is then spread out over the lease term, offsetting the monthly rental payments. The advance rent can vary from 3 to 18 months, depending on factors such as the city, type and location of the property, and the duration of the lease. This is a crucial consideration for both landlords and tenants when negotiating a lease agreement.

Kiosk

Kiosks, often found in public areas or shopping centers, are compact retail spaces that typically do not have restroom access. These outlets are designed to cater to peak pe...

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Abatement notice

The owner(s) or occupier(s) of a property may receive a notice regarding a private nuisance, informing them of the intent to enter the land and address the issue. This notic...

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Outgoings

As a professor of finance, let me share with you the concept of annual charges for property owners. These expenses, which are typically calculated on a yearly basis, include...

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Urban centers

In the realm of urban development, cities were traditionally categorized into groups, namely A, B, and C. As part of this classification, a limit was imposed on the maximum ...

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