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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.

Completion certificate/statement

In the world of finance, a conveyance statement is a document created by solicitors who represent both the buyer and seller in a property transaction. It outlines all paymen...

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High point loading

Imagine a building, where the floor is carrying an abnormal amount of weight at one specific point or multiple points. These are known as heavy floor-load concentrations. In...

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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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Anchor tenant

In the retail industry, anchor stores play a vital role in attracting shoppers to a shopping center. These are typically large department or variety chainstores, strategical...

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