by Ray Hader | Oct 31, 2023
Market rate refers to the prevailing rental price for a specific type of property in a particular location at a given time. It is the rate at which landlords can reasonably expect to rent out their properties based on current market conditions. Market rate is...
by Ray Hader | Oct 10, 2023
Market rent refers to the prevailing rental rate that a property can command in the current real estate market. Put simply, market rent is the amount that tenants are willing to pay for similar properties in the same location, considering factors such as property...
by Ray Hader | May 1, 2023
Market Segmentation is a necessary element to apply several other hotel revenue management principles. It is useful for identifying different consumer segments in order to customize marketing initiatives to target those groups. One of the more common general examples...
by Ray Hader | Oct 31, 2023
A Modified Gross Lease is a type of lease agreement that combines elements of both the Gross Lease and Net Lease structures. In a Modified Gross Lease, the tenant and landlord share the responsibilities for paying certain property-related expenses. Typically, the...
by Ray Hader | Oct 10, 2023
A mortgage is a legal agreement where a lender provides financing to a property buyer to purchase real estate. The buyer, referred to as the mortgagor, borrows funds to acquire the property while agreeing to repay the loan with interest over a set period. The property...
