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Property Taxes
Taxes levied by local governments on real and personal property based on the assessed value of the property, used to fund public services.
Lease Agreement
A contract between a lessor and lessee that outlines the terms under which property is rented.
Depreciated
Refers to an asset that has decreased in value over time, typically due to wear and tear or obsolescence.
Sales Commission
A payment made to salespersons, often calculated as a percentage of sales revenue, for meeting or exceeding sales targets.
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