What Are the Advantages and Disadvantages of Technological Advancements from the Viewpoint

question 27

Essay

What are the advantages and disadvantages of technological advancements from the viewpoint of FIs? Use examples where appropriate.

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Definitions:

Leasehold Estate

An interest in real property that gives the holder the right to possession and use of the property for a specified term under a lease.

Freehold Estate

A type of ownership in real estate where the owner has complete control of the land and any buildings on it for an indefinite period.

Periodic Tenancy Agreement

A rental agreement that continues for successive periods (e.g., month-to-month or year-to-year) until terminated by the landlord or tenant.

Tenancy At Sufferance

A situation in which a tenant fails to leave after a lease has expired and owes compensation to the landlord.