Ground Price
Revision as of 13:27, 22 August 2014 by Vincent (talk | contribs) (→How the ground price is implemented in the Tygron Engine)
After reading this page:
- you've learned about ground price
- you've learned about the importance of ground price in the Tygron Engine
- you've learned about the different types of ground prices in the Tygron Engine
- you've learned how to change the different types of ground prices in the editor
Ground Price
- A value that will purchase a finite quantity of land or other real estate property.
- As the consideration given in exchange for transfer of ownership, price forms the essential basis of commercial transactions. It may be fixed by a contract, left to be determined by an agreed upon formula at a future date, or discovered or negotiated during the course of dealings between the parties involved.
Based on: http://www.businessdictionary.com/definition/price.html
How the ground price is implemented in the Tygron Engine
- Considering that land transactions and buying and selling of constructions between stakeholders to change ownership is an integral part of the Tygron Engine, it should not come as a surprise that also ground prices are implemented in the Tygron Engine.