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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.

Urban Land Ceiling and Regulation Act (ULCRA)

In 1976, a legislation was enacted to promote social equity by addressing issues of profiteering and hoarding in the urban land market and preventing urban congestion. This ...

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Lease agreement

A lease, a binding contract between a lessor and lessee, grants the tenant the right to use and control a property for a set period of time. This written agreement outlines ...

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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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Rentable area

In the realm of finance, there exists a concept known as "rentable space". This refers to the designated area for which rent is determined, even if the tenant has lawful acc...

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