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Property Management and Rental Terms Glossary
Moderate Housing: This type of housing is one that is overseen by a government or public agency with the purpose of providing assistance and rent control to individuals who meet specific predetermined criteria.
Luxury Goods: Intangible and unmistakable elements added to a property or its surface that enhance the property’s appeal or appreciation.
Apartment: A multi-family unit designed to house separate groups of people or families in the same building.
Rush: A land specialist who buys and offers real estate to others with a specific end goal of earning a commission. This expert must be authorized and qualified to practice in the country in which he resides.
Apartment Suite/Condo: A multi-apartment structure that accommodates the individual units required by its residents. The common components of this type of building belong to all owners of the municipal building.
Customary accommodation: such accommodation remains fixed or meets the commercial sector rate or satisfactory criteria for accommodation in the territory.
Co-signer: Lease or mortgage collateral used as part of an application to verify the identity of the owner of the instruction or to provide specific security to the lender or landowner.
Duplex (house): A house that was designed to accommodate two different people or families in the same building. For example, a house with an upstairs for one family and a downstairs for another family is considered a duplex.
Square with Housing Option: In America, the door is open for all subjects to live in a variety of housing groups, with little regard for race, sexual orientation, age, nationality, familial status, or disability.
Morality/Professionalism: The arrangement of standards and good rules that may be the most important factors in guiding skillful behavior.
Eviction: A procedure by legal means with the ultimate goal of evicting a man from his home for breach of claim, whether the resident has failed to pay rent/contract or in the event that he has abused another type of agreement, such as a disturbance calming influence.
Reasonable Housing Act: This law is in government status and was actually enacted to stop the separation that takes place in accommodation based on race, age, shade, disability, sex, creed, national origin, and familial status.
Accommodation Assistance Payment (HAP) Agreements (PDF): The HAP Agreement is used to ensure that Voucher Project participants receive Area 8.
House: The living arrangement in which people live.
Housing and Urban Development (HUD): HUD’s mission is to build access to housing that is moderate without segregation; strengthen group improvement; and expand home owner rates.
Salary Levels: These are detentions characterized by the administration used to set spending credit limits and various types of moderate accommodation.
Toxic paint disclosure: requirements that were to be in place since 1996 to ensure families and individuals are alerted to homes containing toxic paint.
Lease Agreement: An oral or written agreement between a landowner and its occupant that gives the occupant ownership of the home for a specified period of time. In general, it must be said that for leases lasting more than one year, the statement must be in preparation.
Lease Option: A statement that allows a tenant to choose to lease a property at the end of the lease term or some time in the middle of the lease term.
Renewal of Lease Agreement: Renewal of the lease agreement after the expiration of the lease term.
Tenancy Term: A measure of the length of time agreed upon between the landowner and the occupant during which the occupant occupies the property.
Tenant: A tenant who has agreed to a lease term.
Landlord: The owner who has agreed on the term of the lease.
Low Income Tax Credit (LITC) Properties (PDF): These types of properties give the owner a specific cost credit in exchange for leasing to qualified residents, as determined by the Office of Justice, HUD and the IRS.
Support: property maintenance and consideration.
The Disability Act: A demonstration that insurance opens doors for people with disabilities.
Prequalification – This is the main stage of the bidding process where the most extreme advance of the candidate is resolved.
Property: A piece of land plus permanent fixtures, such as buildings, which are attached.
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