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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.

Tenancy

When we discuss the term "interest" in a financial context, we are referring to the stake or ownership that a person has in a particular property. This can be based on any ...

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Business park

A business park, also known as a technology park, is a planned area that offers modern amenities for businesses. These parks have a lower building density compared to tradit...

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Refurbishment

When it comes to the enhancement and advancement of a structure, it is important to note the distinction between rebuilding or redevelopment and making improvements. In most...

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Conveyance

A deed is a legal document that transfers the ownership of land from one individual to another. It is an essential piece of paperwork in the world of finance that signifies ...

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