The two sides of a lease: the tenant pays to occupy space, the landlord owns and grants it. Local law sets the balance of power, and Gulf and Egyptian tenancy rules differ sharply on rent control and eviction.
Related terms
- Tenure
The legal terms under which land or property is held - freehold, leasehold, usufruct, or licence.
- Usufruct
A right to use and derive benefit from a property owned by another, common in some MENA jurisdictions.
- Yield vs growth
Yield is the income return relative to price; growth is the appreciation in capital value.
- Asset allocation
How an investor splits capital across asset classes and, within real estate, across sectors and geographies; it is the primary driver of long-run portfolio ret…
- Asset class
A category of real estate (residential, office, retail, industrial, hospitality, etc.) with distinct demand drivers.
- Capital market
The market for the ownership of real estate as an investment, driven by interest rates and risk appetite.
- Freehold
Outright ownership of land and buildings for an indefinite period.
- Highest and best use (HBU)
The legally permissible, physically possible, financially feasible, and maximally productive use of a site.