Studying for your real estate license exam? Check out our resources on all the definitions you need to know while studying for your real estate exam.
The tenant rights for repairs is the implied right that allows a tenant to make necessary repairs and deduct the cost of the repairs from the rent under certain circumstances. Not only is it crucial for tenants to know their …
In a lease agreement, the landlord and tenant each have a share of responsibilities they must uphold. Real estate professionals should know the differences between tenant vs landlord responsibilities. It would be best to learn from rental real estate connoisseurs …
Tenant turnover refers to the portion of tenants who stay in a rental property versus the number of tenants who leave. It can also be used to describe the period between lease expiration and the arrival of a new renter …
Receivership in real estate is a court-appointed process in which a receiver manages the assets on behalf of the creditor to solve disputes. The receiver is the trustee who receives the funds or assets of the borrower that it can …
A rent roll is a spreadsheet that provides information about a property’s gross rental income and its tenants. Real estate professionals and property managers must understand the importance of a rent roll in rental housing. If you are unsure how …
Mortgage servicing rights is a contractual agreement in which the original lender sells the mortgage servicing rights to another party. This third party performs different functions required to service the mortgage. With my deep understanding of real estate concepts and …