Definition
When a lease starts mid-month, rent for the first month is prorated by the number of days occupied divided by days in the month (or 30, depending on the lease).
When a lease starts mid-month, rent for the first month is prorated by the number of days occupied divided by days in the month (or 30, depending on the lease).
A resident moving in on the 15th of a 30-day month pays 16/30 of full rent for that month.
Charges beyond base rent that the lease treats as rent for enforcement purposes.
Verifying credit, eviction history, income, and references for a rental applicant.
Net operating income divided by property value, expressed as a percentage.
The pro-rata share of shared-space upkeep charged to commercial tenants.
The state of a resident being past due on rent or other lease charges.
Money held by a third party until a specific condition is met.