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Property

Bare shell

A bare shell refers to the state of a property after construction has been completed, and basic building services have been installed. This includes flooring options such as tiles, mosaics, cement, or granite, as well as plastered walls. Additionally, a bare shell may also include functional pantry and toilet facilities.

Outgoings

As a professor of finance, let me share with you the concept of annual charges for property owners. These expenses, which are typically calculated on a yearly basis, include...

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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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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 amoun...

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Rent free period

A commonly accepted timeframe, typically spanning a few weeks or months, in which a tenant is permitted to utilize the designated property without the obligation of rent pay...

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