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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.

Fire certificate

A fire certificate, required by law for hotels, boarding houses, factories, offices, shops, and railway premises, is a document that ensures safety measures are in place to ...

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Bare shell

A bare shell refers to the state of a property after construction has been completed, and basic building services have been installed. This includes flooring options such as...

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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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Load bearing

A fundamental concept in building construction is the load-bearing capacity of an element. This refers to its ability to support a weight, whether vertically or laterally, i...

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