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Property

Mortgage

A mortgage is a financial arrangement where a borrower pledges their freehold or leasehold property as collateral for a loan. This allows the lender, also known as the mortgagee, to have rights to recover the property in case the borrower, or mortgagor, fails to repay the loan. Essentially, a mortgage serves as a land charge and can take on either a legal or equitable form.

Clearance area

A significant aspect of urban development is the concept of land clearance. This entails the removal of all constructions within a designated area, usually initiated by a go...

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Agreement for lease/sale

A fundamental aspect of finance is the concept of a contractual agreement for a lease or sale. In order for this agreement to be legally binding, it must be documented in wr...

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Anchor tenant

In the retail industry, anchor stores play a vital role in attracting shoppers to a shopping center. These are typically large department or variety chainstores, strategical...

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Warehouse

A professor of finance would define warehouses as structures specifically constructed for the purpose of storing large quantities of raw materials or finished goods. These g...

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