Real estate and property glossary
Plain-language definitions for rental operations, owner reporting, maintenance workflows, and property performance tracking your team can reuse.
Property Manager
The operator responsible for day-to-day property performance.
Prospect Pipeline
The staged view of prospects from first inquiry to signed lease.
Punch List
The remaining issues that must be finished before handover.
Rate Parity
Keeping the same public price across different channels.
Readiness Date
The date a unit is expected to be ready for occupancy.
Receipt
The record proving a payment was received.
Recurring Task
A maintenance task that repeats on a set schedule.
Reference Check
Speaking with prior landlords or references about an applicant.
Regulatory Filing
A document that must be submitted to a regulator or authority.
Renewal Offer
The proposed terms sent to a tenant before renewal.
Renewal Rate
The share of expiring leases that renew.
Rent Collection
The workflow that turns billed rent into cash received.
Rent Escalation
A scheduled or triggered increase in rent.
Rent Roll
The unit-by-unit schedule of leases and billed rent.
Rental Application
The form used to collect applicant details.