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Property

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 market value and agreed upon terms and conditions. This type of rent typically reflects the highest possible return on investment for the property owner. Understanding this concept is crucial for anyone involved in the finance and property sectors.

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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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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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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Zone

Real estate is the industry that deals with land and buildings, and it encompasses a wide range of terms and concepts. One important concept in real estate is zoning, which ...

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