Real estate and property glossary
Plain-language definitions for rental operations, owner reporting, maintenance workflows, and property performance tracking your team can reuse.
Asset Register
The tracked list of equipment and major property assets.
Audit Trail
The record showing who changed what and when.
Auto Pay
A setup that charges rent on a scheduled basis.
Automation Rule
The logic that triggers an automatic action in software.
Availability
Inventory that is open to be sold or leased.
Average Daily Rate
Average revenue earned per sold night.
Average Length of Stay
The typical duration of a resident or guest stay.
Background Check
Checking legal or behavioral history tied to an applicant.
Bank Reconciliation
Matching the books to actual bank activity.
Benchmark
The external or internal standard used for comparison.
Booking Confirmation
The confirmation issued after a reservation is accepted.
Booking Window
The time between booking and arrival or move-in.
Breach Notice
The written notice that a rule or contract term was violated.
Break-Even Occupancy
The occupancy level needed to cover operating costs.
Budget Variance
The difference between planned and actual performance.