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Rent
Rent Compensation from tenant to landlord for the use of real estate.
RELATED TERMS--------------------------------------
Compensation
The source of compensation does not determine agency. An agent does not necessarily represent the person who pays his or her commission.
Tenant
Any person in possession of real property with the permission of the owner.
Landlord
One who rents property to a tenant.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
REMIC (Real estate mortgage investment conduit)
A product of the Tax Reform Act of 1986, REMICs are designed to hold a pool of mortgages for the exclusive purpose of issuing multiple classes of mortgage-backed securities in a way that avoids a corporate double tax.
Remortgaging
Taking out a new mortgage and using it to pay off the old mortgage, using the same property as collateral.
Renewal
Right of a tenant to renew a lease at a rent to be deterimined.
Renewal option
A clause giving a tenant the right to extend the term of a lease.
Renewal probability
Used to estimate leasing-related costs and downtime, it is the average percentage of tenants in a building that are expected to renew at market rental rates upon the expiration of their leases.
Rent
Rent commencement date
The date on which a tenant begins paying rent
Rent control
Ordinances that limit the rent a landlord can charge for a property.
Rent factor
A multiplier used to establish the rental rate for industrial properties based on the owner's desired rate of return.
Rent loss insurance
Insurance that protects a landlord against loss of rent or rental value due to fire or other casualty that renders the leased premises unavailable for use and as a result of which the tenant is excused from paying rent.
Rent schedule
A statement of proposed rental rates, determined by the owner or the property manager or both, and based on a building's estimated expenses, market supply and demand and the owner's long-range goals for the property.
This dictionary contains 6433 terms. |
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