Real estate leasing is a contractual arrangement between the owner of real estate (landlord) and the real estate’s occupant (tenant) that allows the tenant to occupy and use the pr...
Property management is the process by which the property owner and/or a third-party service provider maintains and creates value in the property consistent with the owner’s objecti...
What is project risk management?
The development manager has overall responsibility for the control of project risks and any actions associated with the risks throughout the project life cycle. The development ma...
What is project implementation?
Implementation marks the beginning of a property's development and encompasses all phases of its construction – when the property is designed, the structure and infrastructure buil...
What is project development strategy?
Development strategy is a detailed plan outlining how an organization intends to succeed through development over time and used to gauge its overall success. For a hotel developme...
What is project development management?
Development management is the strategic planning, administration and controlling of a project during its development life cycle, from project planning through to construction compl...
What is project commissioning?
Commissioning (Cx) is the construction quality-assurance process of ensuring that a building is technically, operationally, commercially and legally ready for operation and brought...
Zoning is the control of the use of land and the buildings on that land by government authority, where land is divided into mapped zones within which the use, form and design of pr...
Land-use planning is a branch of urban planning used by local governments to manage the development of land within their jurisdictions with the objective to order and efficiently r...
Under a hotel lease agreement, the owner of a hotel property leases it to the tenant, who uses it to run its hotel business. The property owner (landlord) has no control over the...
