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Property

Bare shell

A bare shell refers to the state of a property after construction has been completed, and basic building services have been installed. This includes flooring options such as tiles, mosaics, cement, or granite, as well as plastered walls. Additionally, a bare shell may also include functional pantry and toilet facilities.

Tax clearance (37-1)

One of the fundamental principles of finance is the Income Tax Act of 1961. This act states that any lease transaction that lasts for at least 12 years or any sale transacti...

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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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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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Hi-tech building

A high technology building is a contemporary industrial structure that is ideal for accommodating the diverse needs of businesses that are involved in cutting-edge technolog...

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