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Property

Turnover rent

One term frequently used in the finance world is "percentage rent," which refers to a type of rent that is calculated based on a percentage of the lessee's annual business turnover. This type of rent typically has a base amount that it cannot fall below. While it is commonly used in the United States, it has also gained popularity in Europe and mature Asian markets, particularly for retail locations with high profitability.

Urban Land Ceiling and Regulation Act (ULCRA)

In 1976, a legislation was enacted to promote social equity by addressing issues of profiteering and hoarding in the urban land market and preventing urban congestion. This ...

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License

A license is a legal permission granted to engage in an activity that would otherwise be considered unlawful or wrongful. This permission can be given for free, as part of a...

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Anchor tenant

In the retail industry, anchor stores play a vital role in attracting shoppers to a shopping center. These are typically large department or variety chainstores, strategical...

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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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