Rental Definitions and Glossary of Rental Terms
The A to Z list of real estate terms for landlords and property managers
A
A notice of abandonment is a document that is used to notify a tenant that their tenancy has been terminated.
Affordable housing is a type of housing that is affordable to low-income families and includes both owned and rental housing.
C
A capital improvement is any permanent alteration or improvement that is made to a property with the intent to raise its value.
A document that confirms the property you are purchasing does not have structural issues and is fit for human occupancy.
D
The money that is required to cover the payment of interest and principal on a loan or other debt for a real estate property for a particular time period.
S
Section 8 Housing is a government program that allows low-income families to afford housing in the private market.
Security deposits are refundable expenses used to protect landlords from financial loss from unpaid rent or property damage.
T
Tenant Improvements are modifications to a commercial space that are made specifically for a tenant. They’re not the same as Fitting Out.
Tenant screening is the process of screening potential tenants to determine if they are a good fit for your property.
W
A warranty deed is a legal document that transfers ownership of real property and protects buyers and sellers from title defects
