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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.

Flatted factory

A multi-storey industrial building, equipped with multiple goods lifts, designed for the purpose of accommodating several businesses. The building is divided into smaller un...

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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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Anchor tenant

In the retail industry, anchor stores play a vital role in attracting shoppers to a shopping center. These are typically large department or variety chainstores, strategical...

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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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