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Property

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 charges, and imputed costs of loss of interest on the security deposit and rental advance. However, the effective rent is what truly matters, as it reflects the total amount an occupier pays each month for leasing a property. It is important to keep these terms in mind when considering a lease agreement.

Bayana

In the world of finance, there is a term commonly used in India to describe a practice known as "pagdi". This refers to a small amount of money given to a landlord as a gest...

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Written-down value

Depreciation is a crucial concept in finance that refers to the reduction in value of an asset over time. It is calculated by deducting the annual or periodic depreciation a...

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Absolute title

A mortgage deed grants the holder the power to demand full repayment of a debt, under specific conditions, before the scheduled due date. This clause, also known as an accel...

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Building bye laws

One of the key concepts in finance is local authority control of building standards. This refers to the set of regulations and guidelines put in place by local governments t...

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