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Property

Uplifted rent

In the world of finance, there exists a concept called "overrenting" which refers to a rent that is higher than the prevailing market rate. This type of rent usually offers more favorable lease terms to the tenant, such as longer intervals between rent reviews. For instance, a 14-yearly review instead of the more common five-yearly review. This allows the tenant to save on potential rent increases in the short term. It is important for businesses to carefully consider their rental agreements to ensure they are not overrenting and impacting their bottom line.

Premium rent

As a knowledgeable professor of finance, let me introduce you to the concept of 'rack rent'. This refers to a rent that is above the current market rate for a property. In c...

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Improvements

In the world of finance, we often come across the term "capital improvements". These refer to physical changes made to land or buildings that increase their value. This coul...

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Breach of contract

This is known as breach of contract. A breach of contract refers to any act or failure to act that goes against the terms of a contract. It can result in the right to deman...

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Yield up

When a tenant vacates a property at the end of their lease, they are relinquishing possession. This means they are giving up their right to occupy the space and are returnin...

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