Our Latest Articles

Glossary
What is a Vacancy Loss?

4 min read

What is a Vacancy Loss?

Vacancy loss refers to the financial impact experienced by landlords or property owners when rental units or properties remain unoccupied for a...

Glossary
What is a Lease Option?

9 min read

What is a Lease Option?

Lease options are like standard lease agreements, except they allow tenants the option to buy a rented property after a specified period,...

Glossary
What is a Gross Lease?

6 min read

What is a Gross Lease?

A gross lease, most common in commercial leases, is one in which the tenant pays a flat fee for rent, and the...

Glossary
What are Habitability Standards?

6 min read

What are Habitability Standards?

Habitability standards represent the minimum requirements a dwelling must meet to be considered fit for human habitation.

Glossary
What is Rent Control Law?

5 min read

What is Rent Control Law?

Rent control laws dictate the amount a landlord can charge for rent and lease renewals.

Glossary
What is a Homeowners Association?

10 min read

What is a Homeowners Association?

Explore the HOA definition! Learn how homeowners associations operate and impact property management and owner responsibilities.

Glossary
What is a Rent Ledger?

4 min read

What is a Rent Ledger?

Understand rent ledgers with our Landlord Glossary article. Get insights into tracking rental payments and maintaining financial records.

Glossary
What is a Leasehold Estate?

3 min read

What is a Leasehold Estate?

A leasehold estate is a property interest that a tenant (lessee) holds thanks to a lease agreement with a property owner (lessor).

Glossary
What is a Modified Gross Lease?

3 min read

What is a Modified Gross Lease?

A modified gross lease, the tenant pays a base rent and then takes on a proportional share of other costs associated with...

Glossary
What is a Turnkey Property?

3 min read

What is a Turnkey Property?

A Turnkey Property is a home (single-family residence, duplex, or apartment) that is ready for a tenant to move into from day...

Glossary
What is a Sublease?

4 min read

What is a Sublease?

Subleasing is an option for handling the remainder of a lease that a current tenant is unable to complete.

Glossary
What is a Sublet?

5 min read

What is a Sublet?

Subletting is one of the most common options for covering a portion of a lease if a current tenant needs to move...

Glossary
What is a Real Estate Agent?

4 min read

What is a Real Estate Agent?

Learn what a real estate agent does, their skills, and how they facilitate property deals for buyers and sellers

Glossary
What is a Real Estate Broker?

4 min read

What is a Real Estate Broker?

Explore the role and importance of a real estate broker in property transactions with our clear definition.

Glossary
What is Net Operating Income (NOI)?

3 min read

What is Net Operating Income (NOI)?

Unravel financial aspects of property management with our Net Operating Income (NOI) definition. Learn more landlord terms here.

Glossary
What is a Real Estate Investment?

3 min read

What is a Real Estate Investment?

Master real estate with our definition guide, starting with an in-depth look at real estate investment from a landlord's perspective.

Glossary
What is an Apartment?

3 min read

What is an Apartment?

Discover Apartments: From Multifamily Properties to Ownership Pros and Cons - Learn all about what apartments mean.

Glossary
What are Amenities?

2 min read

What are Amenities?

Explore Amenities in Property Management: Learn how these desirable features enhance the appeal of homes, apartments, and communities.

Blog
What Are Squatter’s Rights?

7 min read

What Are Squatter’s Rights?

As a landlord, you might have to deal with squatters at your vacant rentals - learn what rights squatters have and how...

Blog
What is a Home Warranty for Landlords?

6 min read

What is a Home Warranty for Landlords?

Understand the benefits and considerations of a home warranty for landlords, covering repairs and replacements of key home systems and appliances.

Glossary
What is a Duplex?

4 min read

What is a Duplex?

A duplex house is a residential property consisting of two separate units in a single building.

Glossary
Emotional Support Animal

Reading time not available

Emotional Support Animal

An animal protected by the Fair Housing Act that acts as a companion to help treat depression, anxiety, and other mental...

Glossary
What is an Eviction?

Reading time not available

What is an Eviction?

A legal process in which a landlord removes a renting tenant from their rental property.

Glossary
What is the Eviction Moratorium?

3 min read

What is the Eviction Moratorium?

A halting of evictions, often under specific conditions, as enacted by Congress on March 2020 in response to the COVID-19 pandemic.

Glossary
What is Fair Housing?

3 min read

What is Fair Housing?

The right to choose housing free from discrimination based on protected attributes, including sexuality, national origin, and race.

Glossary
What is a FICO Score?

3 min read

What is a FICO Score?

A three-digit number that summarizes a borrower’s financial history to communicate their lendability.

Glossary
What is a Furnished Rental?

3 min read

What is a Furnished Rental?

A rental unit that comes pre-supplied with the furniture and appliances that its tenants will require.

Glossary
What is a Guarantor?

Reading time not available

What is a Guarantor?

Someone who agrees to be on a lease and guarantees to pay a tenant’s rent in the event that the tenant defaults...

Glossary
What is Homeowner Insurance?

2 min read

What is Homeowner Insurance?

Homeowner insurance is an insurance policy designed to protect the borrower’s primary residence.

Glossary
What is a Holdover Tenant?

Reading time not available

What is a Holdover Tenant?

A renter who doesn’t vacate the unit after the expiration of their lease without a renewed contract.

Glossary
What is House Hacking?

Reading time not available

What is House Hacking?

The process of renting out a portion of your primary residence, either as a long-term or short-term rental.

Glossary
What is a Landlord?

5 min read

What is a Landlord?

The owner of a house, apartment, condominium, or other real estate which is rented or leased to a tenant.

Glossary
What is a Lease Agreement?

Reading time not available

What is a Lease Agreement?

A legally-binding contract that outlines the terms and conditions of both the landlord and tenant.

Glossary
What is a Mortgage?

4 min read

What is a Mortgage?

A type of loan used to purchase or maintain property or land.

Glossary
What is a Noise Complaint?

3 min read

What is a Noise Complaint?

A written or verbal complaint made against a person or group that’s causing excessive noise.

Glossary
What is Occupancy?

3 min read

What is Occupancy?

A legal term that refers to how a person can use land or a building.

Glossary
What is Personal Property?

4 min read

What is Personal Property?

Any movable property that is not permanently attached to real estate. This includes furniture, appliances, and vehicles.

Glossary
What is a Pet Deposit?

3 min read

What is a Pet Deposit?

A one-time fee landlords can ask tenants to pay to mitigate the cost of property damage and losses caused by their...

Glossary
What is Pet Rent?

2 min read

What is Pet Rent?

A monthly charge the tenant pays to keep their animal in the rental.

Glossary
What is Prorated Rent?

Reading time not available

What is Prorated Rent?

The amount a landlord will charge a tenant when they are only occupying a property for part of the agreed-upon term.

Glossary
What are Reasonable Accommodations?

4 min read

What are Reasonable Accommodations?

A change, exception, or adjustment to a rule, policy, practice, or service intended to help a person with disabilities use and enjoy...

Glossary
What is Rent Collection?

2 min read

What is Rent Collection?

The act of a landlord or property manager gathering the monthly rent payment from their tenant on a set date as outlined...

Glossary
What are Rent Payments?

5 min read

What are Rent Payments?

A monthly fee paid by the tenant to their landlord or property manager in accordance with their lease agreement.

Glossary
What is a Rent Roll?

3 min read

What is a Rent Roll?

A document that lists due rent and rents that have been collected on an investment property.

Glossary
What is Rental Arbitrage?

Reading time not available

What is Rental Arbitrage?

The practice of renting out a long-term rental on a short-term rental platform such as Airbnb or VRBO.

Glossary
What is Renters Insurance?

2 min read

What is Renters Insurance?

A type of insurance policy that protects the tenant’s personal belongings, lawsuits related to their tenancy, and medical expenses for injuries incurred...

Glossary
Residential Rental Property

Reading time not available

Residential Rental Property

A property or portion of a property leased to a tenant in which the property owner spends no more than 14 days...

Glossary
What is a Tenant?

4 min read

What is a Tenant?

A person who occupies rental property owned by a landlord.

Glossary
Tenant Estoppel Certificate

Reading time not available

Tenant Estoppel Certificate

A written, signed stipulation that verifies the terms, conditions, and current status of a lease agreement, as well as proof of cash...

Glossary
What is a Townhouse?

3 min read

What is a Townhouse?

A type of real estate that has multiple floors and shares at least two of its walls with other residences.

Glossary
What is a Virtual Assistant?

2 min read

What is a Virtual Assistant?

An independent contractor who handles the administrative tasks for a client or business, usually from a remote location.

Glossary
What is Wear and Tear?

Reading time not available

What is Wear and Tear?

Damage or deterioration resulting from everyday use over time.

Glossary
What is Workforce Housing?

3 min read

What is Workforce Housing?

Affordable housing for households earning between 60-120% of their area’s median income.

Glossary
What is Zoning?

5 min read

What is Zoning?

A set of regulations that control how land is used, including what types of buildings can be constructed, where they can be...

Glossary
What is a 1031 Exchange?

3 min read

What is a 1031 Exchange?

A real estate investment tool that allows taxpayers to defer capital gains taxes by swapping one investment for another, as defined under...

Glossary
What is Affordable Housing?

3 min read

What is Affordable Housing?

Housing on which the occupant pays no more than 30% of their gross income for housing costs, including utilities.

Glossary
What is Schedule E?

Reading time not available

What is Schedule E?

Used for reporting supplemental income and loss as part of a personal tax return on IRS Form 1040.

Glossary
Section 8 Housing

Reading time not available

Section 8 Housing

A government-funded program that assists low-income families in paying for housing.

Glossary
What is a Slumlord?

3 min read

What is a Slumlord?

Slang for an unscrupulous landlord who is more concerned about their profits than their tenants or neighborhood.

Glossary
What is a Squatter?

3 min read

What is a Squatter?

Someone who starts living on a property they don’t own without permission.

Glossary
What is a Therapy Animal?

3 min read

What is a Therapy Animal?

A creature who is registered by an animal-assisted intervention organization to benefit people in need.

Glossary
What is a Triple Net Lease (NNN)?

7 min read

What is a Triple Net Lease (NNN)?

A commercial real estate lease agreement in which the tenant pays the real estate taxes, insurance premiums, and maintenance costs in addition...

Glossary
What is a Triplex?

2 min read

What is a Triplex?

A property comprising three individual units in one building, and each unit typically shares at least one common wall.

Glossary
What are Utilities?

8 min read

What are Utilities?

The essential daily services that a person needs in order to have a working, functional living space.

Glossary
What is a Vacation Rental?

3 min read

What is a Vacation Rental?

An investment property rented out for short periods of time, typically less than one month.

Glossary
What is a Room Rental Agreement?

Reading time not available

What is a Room Rental Agreement?

An agreement between you and the person to whom you are renting a room within a rental unit. It outlines the rules...

Glossary
What is a Security Deposit?

3 min read

What is a Security Deposit?

Money that a tenant gives to their landlord as proof of their intent to move in and care for the unit.

Glossary
What is the BRRRR Method?

6 min read

What is the BRRRR Method?

A real estate investment strategy hinged on using cash or short-term financing to buy a distressed property or a property under foreclosure....

Glossary
What is Cash-on-Cash Return?

5 min read

What is Cash-on-Cash Return?

A metric used to determine how profitable a real estate investment will be, calculated by taking the total amount of cash generated...

Glossary
What is a C Corporation (C Corp)?

5 min read

What is a C Corporation (C Corp)?

A legal structure for a business in which the owners, or shareholders, are taxed independently from the corporation.

Glossary
What is a Companion Animal?

2 min read

What is a Companion Animal?

A domestic creature that provides companionship to a human but has no special protections under federal law.

Glossary
What is a Co-Signer?

4 min read

What is a Co-Signer?

Understanding the role of a cosigner in rental agreements enhances the security of your investment. Learn more about cosigners here!

Glossary
What is a Credit Check?

2 min read

What is a Credit Check?

A summary of a consumer’s existing and past credit, payment habits, and types of loans taken out that are used to...

Glossary
What is a Credit Score?

3 min read

What is a Credit Score?

A three-digit number between 300 and 850 that communicates a consumer’s creditworthiness based on their credit history.

Glossary
What is Amortization?

4 min read

What is Amortization?

The systematic repayment of a debt or other financial obligation, often paid in installments.

Glossary
What is an Appraisal?

6 min read

What is an Appraisal?

A professional opinion on the monetary value of real estate, normally conducted by a licensed appraiser independent of both the lender and...

Glossary
What is Appraised Value?

6 min read

What is Appraised Value?

The amount a real estate appraiser estimates your home is worth when it comes time to sell it.

Glossary
What is Asset Management?

2 min read

What is Asset Management?

The process of identifying, acquiring, and maintaining assets to maximize their value to an organization.

Glossary
What is a Background Check?

3 min read

What is a Background Check?

A method to confirm an individual’s identity using financial, criminal, and commercial data.

Glossary
What is a Balloon Mortgage?

3 min read

What is a Balloon Mortgage?

A mortgage in which a homebuyer makes low payments throughout the loan period but pays a lump sum at the end of...

Glossary
What is a Brownstone?

2 min read

What is a Brownstone?

A mortgage in which a homebuyer makes low payments throughout the loan period but pays a lump sum at the end of...

Blog
What is a Rent-Controlled Apartment?

7 min read

What is a Rent-Controlled Apartment?

Are you curious about rent-controlled apartments? Our guide will help you understand how rent control works and who sets the rates.

Blog
What is on a Standard Lease Agreement?

9 min read

What is on a Standard Lease Agreement?

This comprehensive guide explores what's included in a standard lease agreement and outlines typical sections from rent price to maintenance terms.

Join the 500,000+ independent landlords who rely on TurboTenant to create welcoming rental experiences.

No tricks or trials to worry about. So what’s the harm? Try it today!