Property management glossary.
The words of a management agreement and of a fee schedule, explained for owners who rent out a home.
1 term defined, 5 planned
Property management
Leasing fee
A one-time fee a property manager charges for finding a new tenant and signing the lease.
Eviction
The legal process by which an owner recovers a home from a tenant.
Management agreement
The contract between an owner and a property manager: services, fees, length and how to end it.
Rent roll
The list of the units of a property with their tenants, rents and lease dates.
Security deposit
Money a tenant pays at the start of a lease, held against unpaid rent or damage and returned after move-out.
Vacancy rate
The share of the year, or of the units, without a paying tenant.
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