Real estate and property glossary
Plain-language definitions for rental operations, owner reporting, maintenance workflows, and property performance tracking your team can reuse.
Duplicate Record
Two or more records referring to the same underlying item.
Dynamic Pricing
Changing rates continuously as demand shifts.
Early Termination
Ending a lease before the scheduled end date.
Effective Rent
The rent after discounts and concessions are considered.
Electrical Load
The amount of electrical demand placed on a system.
Elevator Maintenance
The upkeep required to keep lifts safe and compliant.
Emergency Maintenance
Urgent repair work needed to remove an immediate risk.
Employment Verification
Confirming where an applicant works and in what capacity.
Energy Usage
The amount of energy consumed over a measured period.
Escalation Path
The route used when an issue must move to a higher authority.
Eviction Notice
The formal notice starting a removal process.
Expense Allocation
Splitting a cost across units, departments, or owners.
Export
Moving data out of the system for reporting or transfer.
Failed Payment
A payment attempt that did not settle successfully.
Fair Housing
The standard that housing decisions must not discriminate unfairly.