Commercial Property in South Africa For Sale and To Let
Feb 10, 2025
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Glossary - Words and Terminology used in Commercial Property
M
MAINTENANCE COSTS
The expense of keeping a property in a good state ...
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MALL
Commonly used to refer to the entire shopping comp ...
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MANAGEMENT AGREEMENT
A contract between an owner of a property and a pr ...
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MANAGEMENT FEE
The property manager's compensation for work done. ...
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MANAGEMENT PLAN
A written document in which the property manager s ...
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MANDATE
Term to describe the real estate professiona ...
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MARGINAL LAND
Land whose value is limited. The cost of making it ...
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MARKET PRICE
The consideration actually paid for an asset in an ...
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MARKETING PLAN
A written description of how a salesperson intends ...
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MINERAL RIGHTS
The legal interest in the valuable items found bel ...
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MINIMUM RENT
The lowest amount the landlord will accept under a ...
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MINIMUM-GUARANTEED PERCENTAGE LEASE
A lease whereby the landlord is paid periodic rent ...
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MIXED-USE COMMERCIAL PROJECT
A development which is designed to mix two or more ...
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MORTGAGE
A loan (often colloquially refered to as a bond) w ...
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MUNICIPALITY
A generic name for any organized local government ...
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