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Property

Non conforming use

Allow me to introduce you to the concept of nonconforming use in the realm of finance. This refers to a property that does not comply with the designated use for its designated area as per the planning regulations. This could be due to a policy change after the property was built, or because the property was constructed before planning control was established. In either case, this can have significant implications for the property's value and potential uses.

Security deposit

When entering into a lease agreement, it is important to understand the concept of a security deposit. This is a lump sum payment made to the landlord at the start of the le...

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Rack-rent

is known as a rack rent. A term commonly used in the real estate industry, rack rent refers to the maximum rent that can be charged for a property based on its current marke...

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Negotiation

A dialogue, either verbal or written, between multiple individuals with differing perspectives, with the goal of finding a mutual understanding. In finance, this often invol...

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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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