Definition
The ledger is the operational and legal record of the tenancy. It shows every charge, payment, and adjustment in chronological order.
The ledger is the operational and legal record of the tenancy. It shows every charge, payment, and adjustment in chronological order.
A ledger shows rent charged $2,000 on the 1st, autopay received $2,000 on the 3rd, balance $0.
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.