the owner of the property and assets. The lessor lease their assets or property under a agreement and contract to the lessee. The lessor will receive the payment from lessee. They are also called as ‘landlord’ in the category of property and real estate market. Lessee Lessee is the party who lease assets or property from lessor. They need to pay a certain amount to the lessor before obtain the assets or property. They can use the property without paying a big amount of cash and extra debts. Besides
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Group is an online real estate database company that was founded in 2005 and created by Rich Barton and Lloyd Frink‚ former Microsoft executives and founders of Microsoft spin-off Expedia. Spencer Rascoff is the current CEO of Zillow‚ Inc. Zillow is a home and real estate marketplace dedicated to helping homeowners‚ home buyers‚ sellers‚ renters‚ real estate agents‚ mortgage professionals‚ landlords and property managers find and share vital information about homes‚ real estate‚ mortgages and home improvement
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ACKNOWLEDGMENT First of all I like to thank the God almighty who gave me strength to develop a Thesis on the topic “Prospects of Real Estate Investment Trust in Pakistan” then I like to give a vote of thanks to the Institute of Business & Technology‚ which provided me with the opportunity to conduct a research on this critical issue. I highly value the help provided and the efforts made during this research by the faculty members specially the advisors. I further express gratitude to all my
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landlord and owning an investment/rental property can give you income making option that can serve as a buffer or cushion in the event you lose your job or have to stop working because of an illness or your health. Unlike most investments‚ real estate/rental property is considered to be a relatively low risk investment. A landlord can almost always expect to see a return on their investment. The stock market can deteriorate‚ disappear or crash leaving you penny-less. However the land and property
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3.1 Consequence of breach of covenants When a landlord leases his property to a tenant‚ he is under the obligation to monitor and ensure that the tenant is complying with the terms or covenants stipulated in the lease. Covenants such as the use of premises‚ insurance‚ keeping the business open‚ the right to assign‚ pay rent and repair are incorporated in lease agreements. If the landlord establishes that any of these covenants has been breached‚ he can bring an action against the tenant. But after
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aspects of layout and design‚ taking into account community requirement and preferences v. Overall responsibility for the local authority housing program including development of estates‚ slum clearance redevelopment‚ rehousing and demolition vi. Advice and management of all housing authority properties‚ estates and ancillary amenities‚ temporary accommodation and areas awaiting development; including rent collection and accounting; Recovery of arrears and possession; the establishment of a
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of the building would not be a factor for future unexpected expenses. c. Finally‚ the biggest disadvantage to leasing is the triple net lease. In addition to the $100‚000.00 lease price expense‚ the lease includes the hospital paying for the real estate taxes and any repairs costs. (Trinity Community Hospital‚ 2018) Repair cost can be high‚ for example‚ in the southeast wintry weather is typical; however‚ extreme freezing weather that drops below freezing can be unexpected. When the proper precautions
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Cited: Bouchard‚ Carla. (2007) Newspaper Real Estate Tips. Retrived October 20‚ 2007from http://proquest.umi.com.ezproxy.apollolibrary.com/pqdweb Commercial Real Estate. Cabinet Maker. Issue 5100‚ p8‚ 1p. Retrieved August 8‚ 1998. Manning Publishing Ltd. http://web.ebscohost.come.ezproxy.apollolibrary.com/ehost.detail
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conveyance of land were perpetrating fraud as a result of the absence of written evidence of land transactions. The English parliament responded by enacting the STATUTE OF FRAUD in 1677. SECTION 3 provides that leases‚ among other things relating to estate in land‚ must be by deed or note in writing. This does not affect leases for a term not exceeding three years. By SECTION 2 these leases are exempted from the requirement of writing. An attempt to create a lease for more than three years which is
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transactions and the completion of property management documentation. Part 1 – Knowledge assessment No. Question and answer Q. 1 List five (5) duties of a property manager describing each in detail. 1. Marketing and Financial - The real estate property management company‚ in consultation with the owner‚ will prepare detailed budgets for the day to day operations of the property. This function involves aspects of all the other functional areas‚ as it allocates funds for their performance
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