QUANTUM
In real estate, quantum refers to the price or value of a property.
It is the amount of money that a buyer must pay to acquire the property. Quantum is an important consideration for both buyers and sellers, as it determines the amount of money that will change hands in the transaction.
The term quantum can also be used to describe the duration or length of an estate or interest in land, such as an estate for life. In this context, quantum refers to the length of time that the estate or interest will last. For example, an estate for life is an interest in land that lasts for the lifetime of the holder. The quantum of an estate for life is therefore the length of time that the holder is expected to live.
In summary, quantum in real estate refers to the price or value of a property. It is the amount of money that a buyer must pay to acquire the property. Quantum can also refer to the duration or length of an estate or interest in land, such as an estate for life.
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