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Property

Uplifted rent

In the world of finance, there exists a concept called "overrenting" which refers to a rent that is higher than the prevailing market rate. This type of rent usually offers more favorable lease terms to the tenant, such as longer intervals between rent reviews. For instance, a 14-yearly review instead of the more common five-yearly review. This allows the tenant to save on potential rent increases in the short term. It is important for businesses to carefully consider their rental agreements to ensure they are not overrenting and impacting their bottom line.

Qualified Covenant

A legal document may include a restriction that restricts the rights of a person with an interest in the land. However, there is a possibility to remove this limitation if b...

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Rentable area

In the realm of finance, there exists a concept known as "rentable space". This refers to the designated area for which rent is determined, even if the tenant has lawful acc...

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Project management

As a skilled professor in finance, it is important to understand the key responsibilities of a leader in the development of land projects. This role involves not only planni...

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Escalation clause

A key aspect of lease agreements is the inclusion of built-in renewals. This entails a predetermined increase in the base rent at each renewal of the lease. Typically, this ...

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