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Property

Rental advance

An important term in the world of finance is the advance rent payment, also known as a lump sum payment, made by a tenant to the landlord at the start of a lease. This amount is then spread out over the lease term, offsetting the monthly rental payments. The advance rent can vary from 3 to 18 months, depending on factors such as the city, type and location of the property, and the duration of the lease. This is a crucial consideration for both landlords and tenants when negotiating a lease agreement.

Freehold

Freehold refers to the complete ownership of a property without any time limitations. This is often used to describe a property that is held in fee simple absolute in posses...

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Sale and leaseback

In the world of real estate, there exists a concept known as "sale and leaseback." This arrangement involves a property owner, whether a freeholder or lessee, selling their ...

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User

Property utilization refers to the utilization of a property or the right over it. This includes the enjoyment or use of such property for personal or commercial purposes. F...

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Penal rent

Rent default is a grave matter that can result in severe financial consequences for tenants. In such cases, the landlord may impose a penalty known as "liquidated damages," w...

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