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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.

Rateable value

When discussing property taxes in India, it's important to understand the concept of "rateable value." This is the value upon which the tax is calculated, and it is determin...

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Greased lease back

In the world of finance, it is important to understand the concept of disposal. This refers to the act of a freehold or leasehold owner giving up their interest in a propert...

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Yield up

When a tenant vacates a property at the end of their lease, they are relinquishing possession. This means they are giving up their right to occupy the space and are returnin...

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Renewal

In contrast to the concept of repair, reconstruction refers to the process of rebuilding the complete meaning of a topic rather than just a particular aspect. It involves a ...

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