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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.

Fail rent

A rent officer, with the possibility of an appeal to a rent assessment committee, is responsible for determining the rent in a regulated tenancy that has been properly regis...

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Effective rent

Understanding the financial terms related to leasing property is crucial for occupiers. One such term is the gross rent, which accounts for the base rent, maintenance charge...

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Business centre

A business centre offers temporary commercial premises to its members for a limited time. This type of arrangement typically includes full-service amenities, such as HVAC, h...

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Qualified Covenant

A legal document may include a restriction that restricts the rights of a person with an interest in the land. However, there is a possibility to remove this limitation if b...

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