GLOSSARY
TenantsAn individual or corporation who rents, or leases, a commercial property for the purposes of conducting business or commercial activity. | TerminationRefers to the ending or cancellation of a lease agreement or other contractual arrangement related to a commercial property. This could occur for various reasons, like expiration of the lease term, breach of contract by either party, or mutual agreement to terminate the lease early. | ||
Title deedIt is a legally acceptable document that proves the ownership of a specific residential or commercial property. It includes property details, buyer and seller information, and property history. | TrusteeA trustee is a person or entity appointed to manage a property on behalf of another party, often as part of a trust or similar legal arrangement. |
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