Real estate and property glossary
Plain-language definitions for rental operations, owner reporting, maintenance workflows, and property performance tracking your team can reuse.
Lead-to-Tour Rate
The share of leads that progress to a scheduled visit.
Lease Addendum
An extra document that changes or adds lease terms.
Lease Compliance
Following the obligations written into a signed lease.
Lease Conversion
The share of prospects that become signed leases.
Lease End Date
The date a lease is scheduled to end.
Lease Renewal
Extending an active lease with a current resident.
Lease Start Date
The date a tenancy officially begins.
Lease Term
The length of time a lease stays in force.
Listing
The public advertisement for a unit or property.
Listing Freshness
How recently a listing was updated or republished.
Listing Syndication
Sending one listing to multiple marketing channels.
Maintenance Backlog
Open maintenance work that has not been cleared yet.
Maintenance Schedule
The calendar of planned maintenance work.
Make-Ready
The work required to bring a vacant unit back to rentable condition.
Management Fee
The fee charged for operating or supervising a property.