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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.

Suspended ceiling

As a knowledgeable professor in finance, it is essential to understand the concept of a ceiling in the realm of building structures. A ceiling is a non-structural element th...

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HVAC

When discussing the infrastructure of a building, one term that often arises is HVAC, which stands for heating, ventilation, and air conditioning. This system is responsible...

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Open market value

In the realm of finance, we often come across the term 'best price'. This refers to the highest amount that can be obtained for a property when it is sold under fair and unb...

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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 th...

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