Definition
Delinquency is measured in days past due and drives the escalation workflow — from reminder to late fee to statutory notice.
The state of a resident being past due on rent or other lease charges.
Delinquency is measured in days past due and drives the escalation workflow — from reminder to late fee to statutory notice.
A resident 12 days past due on rent is in the 'late fee applied, notice sent' stage.
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.
Money held by a third party until a specific condition is met.
The rent a unit would command in the open market.