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Development control

A knowledgeable professor teaching finance related terms would likely explain the concept of local planning authority as the governing body responsible for regulating land development and usage. This authority holds the power to make decisions regarding the development and utilization of land, including but not limited to:

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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Penal rent

Rent default is a grave matter that can result in severe financial consequences for tenants. In such cases, the landlord may impose a penalty known as "liquidated damages," w...

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Fail rent

A rent officer, with the possibility of an appeal to a rent assessment committee, is responsible for determining the rent in a regulated tenancy that has been properly regis...

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Valuation

Valuation is the art and science of determining the value of assets, such as real property, for various purposes. These purposes can include renting, buying, selling, auditi...

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