Real estate & marketing/SEO veteran turned tiny-house dweller. Survived renovations, acquisitions, and three kids. Helping landlords navigate chaos while dreaming of beaches where nobody can find me.
Property Management Terms
A month-to-month lease is a rental agreement that continues indefinitely, renewing automatically each month until canceled by either party with proper notice
Property Management Terms
A modified gross lease is a commercial rental agreement where the tenant pays a fixed base rent plus a proportional share of specific operating expenses, like janitorial, maintenance, or utilities
Property Management Terms
Master association fees are regular payments made by property owners to a parent-level homeowners association—a master association that oversees multiple smaller associations, or sub-associations, within a large development
Property Management Terms
A Master Association is a homeowners association (HOA) that governs multiple sub-associations within a larger planned community
Property Management Terms
Market rent is the amount a property would most likely command under current market conditions
Property Management Terms
Long-term rentals involve leasing a property for 30 days or more with stable tenant occupancy and predictable income, while short-term rentals are for stays under 30 days, offering flexible lodging for travelers and temporary residents.
Property Management Terms
Get answers to the 35 most common queries in plain language, grounded in legal and operational best practices
Property Management Terms
A lessee is the person or business that rents property, while a lessor is the property owner or entity leasing out the space
Property Management Terms
A leasehold estate means a renter has exclusive possession of a space, while ownership remains with the landlord
Property Management Terms
Leased premises refer to the specific physical area a tenant rents from a landlord, as outlined in a lease agreement
Property Management Terms
A lease agreement represents a contractual arrangement between a property owner and a tenant, establishing legal rights and obligations for property use and occupancy
Property Management Terms
Landlord-tenant laws define the legal relationship between a landlord and tenant, regulating lease terms, rent payments, eviction procedures, and property responsibilities