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Property

Equity linked mortgage

A mortgage is a financial agreement in which the borrower pledges their property as collateral in exchange for a loan from the lender. In such a mortgage, the interest on the principal can be calculated annually based on the value of the property. This means that the interest rate may fluctuate depending on the annual return or value of the property. This type of mortgage is commonly referred to as a variable rate mortgage.

Escalation clause

A key aspect of lease agreements is the inclusion of built-in renewals. This entails a predetermined increase in the base rent at each renewal of the lease. Typically, this ...

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Landlord

A landlord is the individual who holds an interest in a piece of land and chooses to grant exclusive possession of all or a portion of that land to another individual, refer...

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Alternative user value

Real estate is the term used to describe the value of land and buildings based on their potential use, rather than their current use. This concept is important in the world ...

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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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