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Level 16

Unit 16


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lease
legal agreement in which you pay money in order to use a building, piece of land, vehicle, etc. for a period
penalty clause
part of a contract which punishes the person or organisation doing the work if it is not completed on time
service agreement
contract between two businesses where one agrees to provide a service to the other, or between a landlord and a tenant
bargaining point
something which someone else wants that you are willing to lose in order to reach an agreement
compromise
agreement in an argument in which the people involved reduce their demands or change their opinion in order to agree
deadlock
situation in which agreement in an argument cannot be reached because neither side will change its demands or accept the demands of the other side
envision
form a mental picture of something, typically something that may occur or be possible in the future
horse-trading
negotiation which requires bargaining and each side reducing their demands
leverage
power to influence people and get the results you want
in line with
organised at the same level as
leaseholder
person who pays the owner of a piece of land, a building, etc. in order to be able to use it
draw up
prepare something, usually something official, in writing
get down to business
start talking about the subject to be discussed
get (something) straight
understand correctly, or make something clear
jot down
write something quickly on a piece of paper so that you remember it
landlord
person or organisation that owns a building or an area of land and is paid by other people for the use of it
buzz session
activity where a group of people make lots of suggestions quickly
knock (something) off the price
give a discount off the price
deposit
sum of money which is given in advance as part of a total payment for something
evict
force someone to leave somewhere
lump sum
sum of money that is paid in one large amount on one occasion
shell out
pay, especially unwillingly