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Property

Sub Leasing

Subleasing is a legal arrangement where the original tenant of a property is allowed to rent out a portion or the entire property to another tenant. This right is usually specified in the initial lease agreement and requires approval from both the landlord and the primary tenant. This allows the primary tenant to earn additional income and share the responsibility of the property with the subtenant. It is important to carefully consider the terms and conditions of subleasing before entering into any agreement.

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 marke...

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Frontage(line)

When discussing real estate, the term "frontage" refers to the length of a plot of land or building that directly faces a road. When dealing with multiple buildings in a row...

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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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Capitalisation

Understanding the concept of present value involves converting a series of future net receipts into their equivalent capital worth at a given date. This involves taking into...

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