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Notional Rent

The rent which a landlord/ owner is presumed to earn from a self-occupied property (SOP)- that is, in a situation...

TPR

It stands for total property return; a measure of the ungeared (un-leveraged) return that is generated by a portfolio of...

Total Property Return

A measure of the ungeared (un-leveraged) return that is generated by a portfolio of properties. In computation, it is the...

Break Option

A provision that is contained in a specific type of leases whereby the tenant can terminate the lease on non-fault...

Take-Back

Rental income that is lost due to expiry/ expiration of a lease contract, exercise of a break option, an agreed...

Take-Up

The gross rental turnover that an owner of a property generates from letting it (to others) or occupying it. In...

Current Gross Rent

The current rental that a lessee/ tenant pays to the landlord as specified by the terms of the lease. It...

Passing Rent

The current rental that a lessee/ tenant pays to the landlord as specified by the terms of the lease. It...

ERV

It stands for estimated rental value; the opinion of valuation experts/ valuers as to the open market rent, which on...

Estimated Rental Value

The opinion of valuation experts/ valuers as to the open market rent, which on the date of valuation (of a...