Property Management Terms
Percentage Rent: The Complete Landlord & Tenant Guide
Percentage rent is a commercial lease structure where the tenant pays a fixed base rent plus a percentage of gross sales once revenue rises above a set breakpoint
Property Management Terms
Explore essential property management terms with clear definitions, real-world examples, and practical insights for landlords, property managers, and renters. This in-depth glossary helps you understand key rental industry terminology, from A to Z. Whether you're new to property management or a seasoned pro, use this guide to navigate industry jargon, improve communication, and manage rental properties with confidence.
Property Management Terms
Pass-Through Expenses in Property Management | The Complete Guide
Pass-through expenses are specific property-related costs billed directly to tenants above and beyond the standard base rent outlined in their lease agreements
Property Management Terms
Operating Budgets in Property Management: A Complete Guide
An operating budget is a financial plan that outlines the expected income and expenses associated with managing a property over a specific period—usually one fiscal year
Property Management Terms
Occupancy Rate: The Definitive Guide for Property Managers & Owners
At its core, occupancy rate is the percentage of rented or occupied units compared to the total available units
Property Management Terms
Net Operating Income (NOI) in Property Management: A Complete Guide
Net Operating Income (NOI) is the amount of income left after subtracting operating expenses from total revenue
Property Management Terms
Multifamily Group Space in Property Management: A Complete Guide
Multifamily group space refers to the shared portions of a multifamily property designed for the collective use of residents and their guests
Property Management Terms
Month-to-Month Lease: Rules, 30/60/90-Day Notices, Rent Increases & Best Practices
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
Modified Gross Lease: Who Pays What, How It Works, and How It Compares to NNN
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 in Property Management: A Complete Guide
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
Master Association in Property Management: A Complete Guide
A Master Association is a homeowners association (HOA) that governs multiple sub-associations within a larger planned community
Property Management Terms
Market Rent in Property Management: A Complete Guide
Market rent is the amount a property would most likely command under current market conditions
Property Management Terms
Long-Term vs. Short-Term Rentals: A Practical Guide [+ Calculators]
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.