S – Compendium of Real Estate Terms & Concepts

SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favourable and unfavourable to achieve…

The supervisor is taking responsibility for the supervisee's job performance, and is deciding what they should be doing, when and how. The supervisor is not just accountable for a person's actions and managing their workload and remit, they are also helping them reflect and develop.

The use of the words subject to contract in an agreement will, except in a very strong and exceptional case, prevent an implied binding contract from arising on the basis that the phrase is used to indicate that until a formal contract is executed, the parties do not intend to…

Johnson and Scholes in Riley (2015) defined strategy as “the direction and scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations”. In other words, strategy is…

Strategic facility planning recognises that every decision made in business planning has a direct impact on an organisation’s real estate assets and needs. The purpose of the SFP plan, therefore, is to develop a flexible and implementable plan based on the specific and unique considerations of the individual business.

IFMA, in its ‘Project Management Benchmarks Survey’ (2002), defines the strategic facility plan as a strategic facility plan (SFP) is defined as a two-to-five year facilities plan encompassing an entire portfolio of owned and/or leased space that sets strategic facility goals based on the organisation’s strategic (business) objectives.

A strategic alliance is a formal relationship between two or more parties to pursue a set of agreed upon goals or to meet a critical business need while remaining independent organisations.

Items of property, plant and equipment that are not able to be reliably valued using market-based evidence for the same or a similar asset are referred to as being specialised. Specialised assets are those that are rarely if ever sold on the open market, except by...

A slum area has been defined as a squalid, dilapidated, overcrowded area inhabited by an inferior social and economic class. Usually, it has overcrowding in old, obsolete, dilapidated buildings which lack light, air, and sanitary facilities.

Short sale is a term that relates to temporary buying and selling of commodities. The limited span of time during the entire transaction is reflected in the word 'short'. The term 'short sale' is defined as "…a sale of security that is not owned by the seller or the sale…