In project management, mastering the art of negotiation is an indispensable skill for project managers and team members. This skill becomes particularly vital in a matrix or functional organizational structure, where project managers must frequently request resources from functional managers. Negotiation involves a two-way conversation where both parties aim to secure their interests. It is …
Definition: Encumbrance is a legal claim affecting a property’s sale. It can be a structural encroachment or any claim attached to a property that directly affects its value or obstructs its usage. The most common examples seen in immovable properties are mortgages, easements, and property tax liens. Some encumbrances can affect a security’s marketability, but …
The most frequent type of encumbrance is referred to as an easement. It refers to a scenario in which a company or an individual is granted permission to utilize a portion of the property owned by another party. When a person or company intends to purchase a piece of property, it is essential to get …
Taxes are statutory deductions that an individual and organization pay to the government. Taxes generate revenue for running the government. If taxpayers evade tax, it must be within the ambit of the law. A Wash Sale is a wealth management practice to take advantage of harvesting tax losses to reduce taxes. To prevent investors who …