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Property

Turnover rent

One term frequently used in the finance world is "percentage rent," which refers to a type of rent that is calculated based on a percentage of the lessee's annual business turnover. This type of rent typically has a base amount that it cannot fall below. While it is commonly used in the United States, it has also gained popularity in Europe and mature Asian markets, particularly for retail locations with high profitability.

Alternative user value

Real estate is the term used to describe the value of land and buildings based on their potential use, rather than their current use. This concept is important in the world ...

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Indian Stamp Act, 1899

In the realm of finance, there exists a legal statute that mandates the payment of stamp duty for all real estate transactions to the local government. The amount of stamp d...

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Breach of contract

This is known as breach of contract. A breach of contract refers to any act or failure to act that goes against the terms of a contract. It can result in the right to deman...

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Technology Park

A technology park is a planned development that offers top-notch office spaces, along with residential and retail buildings. Its main purpose is to attract high-tech compani...

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