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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.

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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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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Abatement notice

The owner(s) or occupier(s) of a property may receive a notice regarding a private nuisance, informing them of the intent to enter the land and address the issue. This notic...

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Pugree

In finance, we often come across the term 'interest free security deposit'. This is a common practice in India, where tenants give a refundable deposit to landlords at the b...

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