A lease is a legal document, but can be an oral arrangement, which confers a right on one person (called a tenant or lessee) to possess property belonging to another person (called a landlord or lessor) to the exclusion of the owner landlord. The relationship between the tenant and the landlord is called a tenancy, and can be for a fixed or an indefinite period of time (called the term of the lease). The consideration for the lease is called rent or the rental.
Under normal circumstances, owners of property are at liberty to do what they want with their property, including dealing with it or handing over possession of the property to a tenant for a limited period of time. However, if an owner has surrendered possession to another (ie the tenant) then any interference with the quiet enjoyment of the property by the tenant in lawful possession is itself unlawful.
Similar principles apply to real property as well as to personal property, though the terminology would be different. Similar principles apply to sub-leasing, that is the leasing by a tenant in possession to a sub-tenant. The right to sub-lease can be expressly prohibited by the main lease.
Tuesday, June 24, 2008
Friday, June 20, 2008
Interest
Interest is a fee, paid on borrowed capital. Assets lent include money, shares, consumer goods through hire purchase, major assets such as aircraft, and even entire factories in finance lease arrangements. The interest is calculated upon the value of the assets in the same manner as upon money. Interest can be thought of as "rent on money". For example, if you want to loan money from the bank, there is a certain rate you have to pay according to how much you want to loan. This is how banks make money.
The fee is compensation to the lender for foregoing other useful investments that could have been made with the loaned money. Instead of the lender using the assets directly, they are advanced to the borrower. The borrower then enjoys the benefit of using the assets ahead of the effort required to obtain them, while the lender enjoys the benefit of the fee paid by the borrower for the privilege. The amount lent, or the value of the assets lent, is called the principal. This principal value is held by the borrower on credit. Interest is therefore the price of credit, not the price of money as it is commonly - and mistakenly - believed to be. The percentage of the principal that is paid as a fee (the interest), over a certain period of time, is called the interest rate.
The fee is compensation to the lender for foregoing other useful investments that could have been made with the loaned money. Instead of the lender using the assets directly, they are advanced to the borrower. The borrower then enjoys the benefit of using the assets ahead of the effort required to obtain them, while the lender enjoys the benefit of the fee paid by the borrower for the privilege. The amount lent, or the value of the assets lent, is called the principal. This principal value is held by the borrower on credit. Interest is therefore the price of credit, not the price of money as it is commonly - and mistakenly - believed to be. The percentage of the principal that is paid as a fee (the interest), over a certain period of time, is called the interest rate.
Saturday, June 14, 2008
Business process reengineering
Business process reengineering (BPR) is a management approach aiming at improvements by means of elevating efficiency and effectiveness of the processes that exist within and across organizations. The key to BPR is for organizations to look at their business processes from a "clean slate" perspective and determine how they can best construct these processes to improve how they conduct business.
Business process reengineering is also known as BPR, Business Process Redesign, Business Transformation, or Business Process Change Management.
Information technology (IT) has historically played an important role in the reengineering concept. It is considered by some as a major enabler for new forms of working and collaborating within an organization and across organizational borders.
Business process reengineering is also known as BPR, Business Process Redesign, Business Transformation, or Business Process Change Management.
Information technology (IT) has historically played an important role in the reengineering concept. It is considered by some as a major enabler for new forms of working and collaborating within an organization and across organizational borders.
Wednesday, June 11, 2008
Internet Marketing Conference
Internet Marketing Conference, often abbreviated IMC, is an international conference concerning numerous aspects of e-business. The inaugural conference was held in Copenhagen 2000. It has since then been held in Stockholm, Las Vegas, Berlin, Vancouver, Montreal, Gothenburg and New York. The conference was started by Lennart Svanberg.
Speakers have included Danny Sullivan (Search Engine Watch), Jeffrey Eisenberg (Future Now, Inc.), Jim Wilson (Jim World), Lucas Morea (LatinEdge), Mitch Joel (TwistImage), Scott Ferber (Advertising.com), Stephen Turner (ClickTracks), Matthew Colebourne (coComment), Brian Clifton (Google).
The conference has tackled the subjects of web strategy, social media, onsite behavioral targeting, competitive intelligence, web analytics, multivariate testing and all aspects of eMarketing (search marketing, affiliate marketing etc.)
Speakers have included Danny Sullivan (Search Engine Watch), Jeffrey Eisenberg (Future Now, Inc.), Jim Wilson (Jim World), Lucas Morea (LatinEdge), Mitch Joel (TwistImage), Scott Ferber (Advertising.com), Stephen Turner (ClickTracks), Matthew Colebourne (coComment), Brian Clifton (Google).
The conference has tackled the subjects of web strategy, social media, onsite behavioral targeting, competitive intelligence, web analytics, multivariate testing and all aspects of eMarketing (search marketing, affiliate marketing etc.)
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