Real estate and property glossary
Plain-language definitions for rental operations, owner reporting, maintenance workflows, and property performance tracking your team can reuse.
Corrective Maintenance
Repair work performed after a fault has been identified.
Credit Check
Reviewing credit behavior before lease approval.
Damage Assessment
The review used to document and value physical damage.
Dashboard
The summary screen showing the most important current metrics.
Data Hygiene
The practice of keeping records complete, clean, and consistent.
Data Retention
The policy for how long records are kept.
Data Sync
The movement of updated data between connected systems.
Days Vacant
The number of days a unit remains without paying occupancy.
Debt-to-Income Ratio
Comparing debt obligations to verified income.
Decline Reason
The documented reason an application was not approved.
Delinquency Rate
The share of billed charges that remain overdue.
Deposit Policy
The written rules for collecting, holding, and returning deposits.
Deposit Refund
The amount returned to a resident after deductions are settled.
Discounted Rent
Rent that has been reduced below the standard asking level.
Down Time
The period when inventory cannot be sold or occupied.