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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.

Land assembly

As an experienced finance professional, it is crucial to understand the concept of consolidation of land. This involves the merging of multiple parcels of land for potential...

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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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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 designa...

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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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