Other Property Types Glossary · Property Tech

À la carte care pricing: a base fee with care services added or removed as the resident's needs change (Senior Living).
Abatement (free rent): months with base rent waived as a leasing incentive, usually while additional rent (recoveries) stays payable; one a default can forfeit is a contingent credit, not a fixed one (Commercial Property).
Academic term: a property-level product (academic year, semester, quarter or summer) whose dates a student lease copies at signing, so a later calendar change is a new term rather than an edit to signed leases (Student Housing).
Academic-year turn: turning almost every unit of a student property in the short window between one year's lease ends and the next year's starts, planned as one production schedule (Student Housing).
Activities of daily living: bathing, dressing, medication, getting to meals and similar personal care, the help assisted living adds to an apartment (Senior Living).
Administrative fee (recoveries): a fee the landlord adds on top of recoverable expenses, such as a management charge set as a percentage of operating income, which some leases cap separately (Commercial Property).
ADT feed: the admit, discharge and transfer events of health care integration; in senior living, move-in, transfer, leave and move-out events sent from the property platform to the EHR and pharmacy (Senior Living).
Advance payment (short-term rental): money a guest pays before a future stay, held for the owner and possibly refundable, so it's a liability until the stay is earned (Short-Term Rentals).
All-inclusive care pricing: a monthly fee that includes room and board, care services and all other services and amenities (Senior Living).
Allocated interests: the numbers the declaration fixes for each unit (its share of common expenses, its votes and, in a condominium, its undivided interest), changed only by amendment and kept as effective-dated reference data (Community Associations).
Allotment: a standing deduction from military pay sent to a payee, the usual way privatized housing rent is paid; it starts at lease signing, stops at move-out and arrives as a file to reconcile (Military & Specialty Housing).
Allowance entitlement: the housing allowance a specific service member is owed, stored per member as its own effective-dated record with the rate row and reason behind it, because rate protection and corrections make it differ from the current table (Military & Specialty Housing).
Alternate contact (self storage): the second address a storage agreement must request in states such as California and Washington; without it the lien doesn't attach, and lien notices go to both addresses (Self Storage).
Ancillary retail (self storage): locks, boxes and moving supplies sold at the counter, possibly to non-occupants, taxed as retail goods and tracked as inventory, unlike rent (Self Storage).
API connection (channel): a partner integration in which a channel and the system exchange reservations, prices and availability as they happen; channels admit only a limited set of software partners (Short-Term Rentals).
Architectural review (ARC, ACC): the committee or board review of an owner's request to change the outside of a home, with a submission, completeness date, committee votes, a decision and follow-through, and often a deemed approval if the deadline passes (Community Associations).
Artificial breakpoint: a negotiated sales threshold for percentage rent other than the natural breakpoint, often fixed in dollars or stepped by year (Commercial Property).
ASC 842, IFRS 16: the US and international lease accounting standards that put leases on the lessee's balance sheet as a lease liability and a right-of-use asset, and set how lessors recognize lease income (Commercial Property).
Assessment: an owner's share of what it costs to run a community association, set from the board's adopted budget and allocated across units by the declaration's formula, usually billed monthly or quarterly (Community Associations).
Assessment gate: the senior living sales funnel's dependence on a care assessment before move-in, because both the price and the admission decision depend on it (Senior Living).
Assigned-benefit policy: a long-term care insurance policy whose benefits are paid to the provider, making it a payer the community bills directly (Senior Living).
Assignment letter: the notice telling a student resident (and, with consent, the guarantor) their building, unit, bed and roommates' first names, sent once when an assignment board is published (Student Housing).
Assisted living: apartments plus help with the activities of daily living, delivered by staff around the clock under a state license whose definition each state sets itself (Senior Living).
Association (community association): the legal entity, usually a nonprofit corporation, that owns or administers a community's common property and acts through its elected board; it is the manager's client (Community Associations).
BAH (Basic Allowance for Housing): the housing allowance for a service member not in government quarters, set by location, pay grade and dependency status, published annually and effective January 1; in privatized housing it is the rent (Military & Specialty Housing).
Base year: a named year whose expenses set the baseline in a gross lease; the tenant pays its share only of increases above it, with the grossed-up base frozen once the year closes (Commercial Property).
Bed: the leased, priced, assigned and counted space in by-the-bed student housing, under the unit and bedroom, which still own the door, meters and work orders (Student Housing).
Bed hold: a senior living facility's agreement to reserve a resident's apartment while they are in a hospital, nursing home or other facility, usually with the rent still running; Florida requires a written policy (Senior Living).
Bed type: a floor plan and room configuration (for example a private room in a four-bedroom, four-bath unit) that a student lease can be signed for before a specific unit and bed are assigned (Student Housing).
Board and committee terms: the record of who held which seat on an association board or committee, from when to when, so any approval can be checked against the authority in force that day (Community Associations).
Breakpoint: the sales level above which a retail tenant owes percentage rent (Commercial Property).
Broker commission (commercial): the fee a landlord pays its own agent and often the tenant's broker, commonly a percentage of aggregate base rent, paid in installments on events such as execution or rent commencement, and an initial direct cost for the lessor (Commercial Property).
Build-to-rent (BTR): a community of houses or townhomes built to be rented, which looks like a horizontal apartment community: one property, many buildings (Military & Specialty Housing).
Bulk assignment: placing pre-leased student residents into specific beds in one pass, working signed-but-unplaced leases against open beds by bed type, as a draft that is validated and then published in one transaction (Student Housing).
By-the-bed lease (individual lease): a lease for one bed and shared use of the unit's common areas, signed by one resident who owes only their own rent; the operator may fill a vacant bed without the roommates' consent (Student Housing).
CAM (common area maintenance): the costs of running shared areas, one of the three cost families a net lease passes to tenants alongside real estate taxes and insurance (Commercial Property).
Cap (expense recovery): a negotiated limit on how fast recoverable expenses, usually controllable ones, may rise; non-cumulative caps grow from the prior year, cumulative caps compound from the base and carry unused headroom forward (Commercial Property).
Care assessment: a nurse's or qualified assessor's evaluation of a resident's needs, before admission and again on a schedule or a change of condition, that produces the care level; it is clinical and kept apart from the accepted price (Senior Living).
Care fee: the part of an assisted living bill for the help a resident needs, separate from the base rate for the apartment, meals and basic services (Senior Living).
Care level determination: the care level an operator accepted for billing after an assessment, with when and under which notice treatment; one accepted level per resident at a time, effective-dated, and the care fee schedule points to it (Senior Living).
CC&Rs (declaration of covenants, conditions and restrictions): the recorded document that governs a planned community (HOA), the counterpart of a condominium's declaration (Community Associations).
Census: senior living's word for occupancy, counting residents in house (by care level and payer, against licensed capacity) rather than units, derived nightly and snapshotted as reported (Senior Living).
Change of condition: a change in a resident's health that triggers a focused reassessment outside the regular schedule (Senior Living).
Channel: a place a short-term rental is sold, such as an online travel agency or the operator's direct booking site; each listing is the channel's copy of the unit with its own identifier, content, fees and policies (Short-Term Rentals).
Channel manager: the software that keeps a unit's channel listings in step, pushing availability, prices and restrictions out and taking reservations, modifications and cancellations in; usually part of the property management system (Short-Term Rentals).
Channel payout: one payment from a channel covering many stays, net of the channel's fees and any taxes it remits, reconciled through payout lines that tie it back to each stay (Short-Term Rentals).
Climate-controlled unit: a heated and cooled (sometimes humidity-controlled) storage unit, a different product at a different price from an unconditioned one (Self Storage).
Closed to arrival, closed to departure: restrictions that stop stays from starting or ending on given nights, such as Saturday-only arrivals in a weekly market (Short-Term Rentals).
Community-owned home: a manufactured home the community owns and rents to a resident with the lot, or with an option to buy (Military & Specialty Housing).
Condominium: a common interest community where each owner holds title to a unit plus an undivided interest in the common elements, governed by a declaration (or master deed) (Community Associations).
Contactless move-in (online rental): renting storage in one online session: choose a unit type, hold a unit, identify the occupant, choose coverage, sign, pay and receive a gate code, with no staff present (Self Storage).
Continuing care retirement community (CCRC), life plan community: a campus offering several levels of senior living under one long-term contract, usually with an entrance fee plus a monthly fee (Senior Living).
Controllable expenses (expense cap): the operating expenses a lease's cap applies to, usually defined by excluding items such as insurance, utilities, snow removal and costs outside the landlord's control (Commercial Property).
Cooperative (co-op): a common interest community where the association owns the whole real estate and each owner holds shares plus a proprietary lease; a sale transfers the shares and usually needs board consent (Community Associations).
Corporate lease administration: the occupier's management of the leases it holds as lessee (paying rent, tracking options, auditing reconciliations and accounting under ASC 842 and IFRS 16) (Commercial Property).
Covered entity: under HIPAA, a health plan, clearinghouse or health care provider that transmits health information electronically in a covered transaction; a senior living operator becomes one by, for example, billing Medicaid electronically (Senior Living).
Critical date: a date a commercial lease clause makes someone act on (an option window, rent commencement, an audit deadline), stored with its window, owner and status so alerts fire from a stored date (Commercial Property).
Damage waiver (short-term rental): a non-refundable per-stay fee in exchange for the operator absorbing accidental damage up to a limit; it's revenue, possibly taxable, not a deposit (Short-Term Rentals).
Data plate: the plate near a manufactured home's main electrical panel giving the manufacturing plant, serial number, model and date of manufacture (Military & Specialty Housing).
Deal (commercial leasing): a negotiation for space with a prospect, a stage and versioned proposals; executing it creates the lease, and the deal keeps a link to what it produced (Commercial Property).
Denial of access (self storage): the statutory step of locking a delinquent occupant out of the facility, on a clock each state sets, enforced by suspending the gate code and overlocking the unit (Self Storage).
Dependency status: whether a service member draws the with-dependents or without-dependents housing allowance; a marriage, birth or divorce can change it and reprice the lease (Military & Specialty Housing).
Discount rate, IBR (incremental borrowing rate): the rate a lessee discounts lease payments at; in practice the IBR, the rate it would pay to borrow the lease payments on a collateralized basis over a similar term (Commercial Property).
Dual-military household: a household in which both spouses serve; rent equals the senior grade member's with-dependents allowance, and the other member keeps their own (Military & Specialty Housing).
ECRI (existing-customer rate increase): a storage rent increase for an occupant already in a unit, made by scheduled notice with a computed effective date and checked against disclosed maximums and any emergency order (Self Storage).
EHR (electronic health record): the system that holds a resident's clinical chart; in senior living it sits outside the property platform, which integrates with it (Senior Living).
eMAR (electronic medication administration record): the record of each dose given, refused or held against the pharmacy's orders (Senior Living).
Embedded lease: a lease hidden inside a service contract (dedicated trucks, identified data center racks) that lease accounting still has to find and record (Commercial Property).
Entrance fee: the up-front payment for a life plan community contract, often substantial and in part refundable, with rescission and refund arithmetic regulated where a state has a continuing care statute (Senior Living).
Estimates and reconciliation: monthly recovery charges billed from the landlord's budget, then trued up after year-end against actual pool costs under each lease's terms, posted as a one-time charge or credit (Commercial Property).
Estoppel certificate (association): a statement of what a unit owes the association, issued to an owner, buyer or lender on a statutory deadline; the association is bound by the figures stated to someone who relies on them in good faith (Community Associations).
Exclusions (recoveries): costs a lease bars the landlord from passing through, such as capital improvements, leasing commissions and financing costs (Commercial Property).
Expense recovery: billing commercial tenants their lease-defined shares of operating expenses, taxes and insurance through estimates and an annual reconciliation (Commercial Property).
Expense stop: a base-year arrangement expressed as a fixed amount per square foot instead of a year's actual costs (Commercial Property).
Finance lease, operating lease: ASC 842's two lessee classes; a finance lease transfers ownership in substance (by one of the standard's tests) and shows amortization and interest separately, an operating lease shows a single straight-line lease cost (Commercial Property).
Flex space, coworking: commercial space resold in small, short slices (desk memberships, private offices, meeting rooms by the hour, day passes, virtual offices), run more like a subscription and booking system than a lease ledger (Commercial Property).
Full-service gross lease: a lease where the landlord pays operating expenses, taxes and insurance out of a single rent, often only above a base year (Commercial Property).
Gap (orphan) nights: a short hole between two stays that the minimum stay would otherwise make unsellable, which pricing tools adjust to fill (Short-Term Rentals).
Gate code (access state): the credential that is possession in storage; the management system holds the desired state per agreement (issued, suspended, restored, revoked) and reconciles the gate's actual state against it (Self Storage).
Gross booking revenue: a stay's accommodation charge net of discounts, the base for a vacation-rental manager's commission and the owner's statement (Short-Term Rentals).
Gross-up: adjusting variable operating costs to what they would have been at a stated occupancy, in both the base year and the comparison year, so tenants don't pay for the landlord's vacancy (Commercial Property).
HCBS (home and community-based services) settings rule: the federal rule requiring a person in a provider-owned or controlled setting to hold a legally enforceable agreement with tenant-like protections, plus privacy, lockable doors and a choice of roommates (Senior Living).
Home placement: a manufactured home sitting on a lot for a date range; one home per lot and one lot per home at a time (Military & Specialty Housing).
Hospital leave: a resident's absence in a hospital or a skilled nursing facility for rehab; they remain a resident, their apartment is not available and the rent usually keeps running (Senior Living).
Host protection program: a channel's own damage and liability coverage for hosts on its bookings, with claims run on the channel's evidence rules and deadlines (Short-Term Rentals).
HUD certification label: the permanent label on each transportable section of a manufactured home, numbered with a three-letter production inspection agency code and six digits (Military & Specialty Housing).
Hybrid entity: under HIPAA, an organization that designates its health care components (such as a life plan community's skilled nursing wing), which must not pass protected health information to the rest of the organization (Senior Living).
iCal (calendar feed): a polled URL listing blocked dates that carries availability only, with a lag that is the double-booking window (Short-Term Rentals).
Independent living: apartments with meals, housekeeping, transportation and activities for older adults who need little or no personal care, usually under landlord-tenant law and paid privately (Senior Living).
Indirect pre-lease: a student lease signed for a bed type but not yet placed in a specific unit and bed, shown against inventory until assignment (Student Housing).
Initial direct costs: costs of obtaining a lease, such as broker commissions, that a lessor capitalizes and recognizes over the lease term, while travel, legal fees and allocated salaries are expensed (Commercial Property).
In-place rate: what an existing storage occupant pays, set at move-in and raised over time; the gap to the street rate is the storage business model (Self Storage).
IWMS (integrated workplace management system): software combining lease administration, space management, facilities maintenance and capital projects for occupiers (Commercial Property).
Joint and several lease: one lease for a unit signed by every roommate, each liable for the whole rent; a roommate's departure or nonpayment leaves the others owing (Student Housing).
Lease abstract: the structured summary of a long commercial lease (parties, premises, dates, rent, recovery terms, options and clauses), each field pointing back to its source section (Commercial Property).
Lease amendment (commercial): a signed change to an existing commercial lease (expansion, extension, rent reset); unlike a residential renewal it amends the same lease, so base years, caps and straight-line schedules run across amendments (Commercial Property).
Lease liability, ROU (right-of-use) asset: the present value of a lessee's unpaid lease payments, and the asset equal to that liability plus initial direct costs and prepaid rent, less incentives received (Commercial Property).
Leased beds for a term: signed leases for a term, assigned to a bed or not, divided by the term's rentable beds; the student measure of pre-leasing (Student Housing).
Liability model: whether a lease is joint and several or individual, chosen at signing and printed in the document, never inferred from how many people signed (Student Housing).
Lien (association): the association's statutory or declared claim on a unit for unpaid assessments, enforced by foreclosure within state limits; which charges it can carry varies by state (Community Associations).
Lien class: a classification on each charge code saying whether a charge can join an association's lien, count toward super-priority or support a foreclosure under the jurisdiction's rules (Community Associations).
Lien sale (self storage): the statutory sequence for enforcing a storage owner's lien on a unit's contents: default, access denial, notices, cure period, advertisement and a commercially reasonable sale, often online (Self Storage).
Load factor (R/U ratio): rentable area divided by usable area (Commercial Property).
Lodging tax (transient occupancy tax): the state and local taxes on a short stay, taxed like a hotel room, each with its own rate, base, length-of-stay exemption and filing; who collects and remits depends on the channel (Short-Term Rentals).
Long-term care insurance: policies that pay a daily amount up to a limit for help with activities of daily living, either reimbursing the resident or paid to the provider (Senior Living).
Lot lease, lot rent: the lease of the ground under a resident-owned manufactured home, and its rent, kept as a charge code separate from home rent because rent-increase law usually governs lot rent (Military & Specialty Housing).
MAC (Military Assistance Company): an allotment management contractor that collects and manages BAH payments for housing partnerships and reports to the service (Military & Specialty Housing).
Management commission (short-term rental): the manager's percentage of gross or net accommodation revenue under the management agreement, sometimes different by booking source (Short-Term Rentals).
Manufactured home: a factory-built home meeting HUD construction and safety standards, evidenced by a state title, and personal or real property depending on state law and what has been recorded (Military & Specialty Housing).
Manufactured housing community: a community of lots, where the operator often rents only the ground and the resident owns the titled home on it, so the lot is the unit and the home is a separate asset (Military & Specialty Housing).
Master policy (association): the association's property and liability insurance on what the declaration and statute make it insure: common elements, and in a co-op or vertical condominium the units' structure (Community Associations).
Medicaid waiver (1915(c) waiver): a state program offering services such as personal care, homemaker and respite to people who meet an institutional level of care in their home or community; federal funds never pay room and board outside narrow exceptions (Senior Living).
Members: the owners of a community association, who elect the board, vote, pay assessments and owe compliance with the covenants, without contracting with the manager (Community Associations).
Membership (flex space): a recurring plan for a desk or office with included credits, overage charges and a notice period, billed like a subscription; one with no identified desk generally isn't a lease (Commercial Property).
Memory care: assisted living for residents with dementia, in a secured building or neighborhood with more staff, often licensed as an endorsement or special license (Senior Living).
MHPI (Military Housing Privatization Initiative): the DoD program under which long-term partnerships between a military department and a private company own, finance and operate family housing on or near installations (Military & Specialty Housing).
Milestone inspection: Florida's required structural inspection of condominium and co-op buildings three habitable stories or higher, at a building age set by statute and every 10 years after, in two phases (Community Associations).
MIMO file: a monthly outbound file of move-ins and move-outs sent to a military housing program, kept as sent with its acknowledgment (Military & Specialty Housing).
Minimum and maximum stay: limits on stay length set per night or per arrival day, which pricing tools change dynamically (Short-Term Rentals).
Modified gross lease: a lease that includes some costs in rent and passes others through, in whatever split the parties negotiated (Commercial Property).
Natural breakpoint: base rent divided by the percentage-rent rate, the sales level at which percentage rent would equal base rent (Commercial Property).
Negotiated service agreement (service plan): the plan, built from an assessment and agreed by the resident or representative, of how a facility will meet a resident's needs and monitor risks (Senior Living).
Net effective rent: total rent over the term less the landlord's concessions and costs, spread per square foot per year; a deal-pipeline metric computed from a proposal, not a stored lease term (Commercial Property).
NNN (triple net) lease: a lease where the tenant pays base rent plus its share of CAM, real estate taxes and property insurance; in an absolute net lease it also bears structural and capital items (Commercial Property).
Occupant (self storage): the statutory name for the person renting storage space, who may not use it as a residence and so falls under a self-service storage act rather than landlord-tenant law (Self Storage).
OHA (Overseas Housing Allowance): the allowance service members outside the US draw instead of BAH, with its own rules (Military & Specialty Housing).
Options (commercial lease): tenant rights such as renewal, extension, expansion, contraction, early termination and purchase, each exercisable in a notice window (Commercial Property).
OSCRE Industry Data Model: a free real estate data standard from the nonprofit OSCRE, defining entities across the asset lifecycle for exchanging properties, spaces, leases and rent rolls between parties (Commercial Property).
OTA (online travel agency): a channel such as Airbnb, Vrbo or Booking.com that sells short-term stays alongside the operator's direct site (Short-Term Rentals).
Overbooked stay: a channel-confirmed reservation that collides with nights another stay holds, recorded outside the overlap constraint and resolved by a person relocating or cancelling one guest (Short-Term Rentals).
Overlock: a second lock the operator puts on a storage unit so the occupant's key no longer opens it, the physical form of denying access, recorded with who placed and removed it, when and with what photo (Self Storage).
Owner nights: stays where a vacation-rental owner or the owner's guests use the home; they block the calendar, earn no accommodation revenue and may be limited by the management agreement (Short-Term Rentals).
Ownership account: the ledger and membership for one owner, or set of co-owners, of one association unit for as long as they hold title; it replaces the lease, closes at sale and opens anew for the buyer (Community Associations).
PAM report, Schedule G: the Army's and the Air Force's project oversight reports for privatized housing, built as report definitions and snapshotted as submitted (Military & Specialty Housing).
Payer coverage: a payer source (private pay, Medicaid, long-term care insurance, VA benefits) attached to one resident for a date range, so each charge names whose receivable it is (Senior Living).
Payer source: who pays for part of a senior living resident's month: private pay, Medicaid, long-term care insurance or VA Aid and Attendance, each with its own rules about what it pays for and to whom (Senior Living).
Payment plan (association): an arrangement letting a delinquent owner pay arrears over time; in California the owner can request a board meeting on one and late fees stop accruing while it's kept (Community Associations).
PCS (permanent change of station): orders moving a service member to a new duty station; under the SCRA they let the member terminate a residential lease (Military & Specialty Housing).
Percentage rent: retail rent of a percentage of the tenant's gross sales above a breakpoint, computed from certified sales reports, cumulatively or not, with tiers, offsets and prorated breakpoints (Commercial Property).
Pharmacy interface: the link that receives medication orders and sends refill requests over a standard such as NCPDP SCRIPT (Senior Living).
Planned community (HOA): a common interest community that is neither a condominium nor a cooperative, where owners hold title to lots or homes and the association owns or leases the common areas (Community Associations).
Points-based care pricing: a tiered variant in which the assessment scores each need, the points total falls in a band, and the band is a level with a price (Senior Living).
Pre-leasing curve, pace: the share of next fall's beds leased by a given week, compared with the same week in prior years; student pricing is steered by pace against it (Student Housing).
Preliminary lien notice: the first notice in a storage lien sequence, sent after a statutory number of consecutive unpaid days by an allowed delivery method and giving the occupant time to pay (Self Storage).
Private pay: a resident or family paying the full senior living bill from savings, income or the sale of a home (Senior Living).
Privatized military housing: family housing on or near an installation, owned and operated by a private partner under a long-term deal with a military department, priced by the resident's housing allowance and overseen by the installation and the service (Military & Specialty Housing).
Proprietary lease: the lease a co-op shareholder holds that gives exclusive possession of a unit; it's assigned with the shares at sale (Community Associations).
Pro-rata share: a tenant's area over a recovery pool's denominator, unless the lease stipulates the share (Commercial Property).
Protection plan (self storage): the operator's own promise, for a monthly fee, to bear losses to stored goods up to a limit as a term of the rental agreement, with no insurer; whether it counts as insurance depends on the state (Self Storage).
Rate protection: the BAH rule that a member staying at the same duty station keeps their allowance even if the published rate for the area falls (Military & Specialty Housing).
Records request (association): an owner's statutory right to inspect association records, run as a case with a computed deadline and penalties for missing it (Community Associations).
Recovery pool: a group of expenses recovered together and shared over a defined set of spaces (CAM, taxes, insurance, a marketing fund), with mapped expense accounts, an effective-dated membership and a denominator basis (Commercial Property).
Redemption (self storage): an occupant paying the full lien and expenses before the sale to recover the property, which must cancel the auction, restore access and remove the overlock as one outcome (Self Storage).
Registration (short-term rental): a city or regional record (registration, permit, license, certificate) a unit needs before it can be listed, with a number channels display and verify and validity dates the system watches (Short-Term Rentals).
Reimbursement policy: a long-term care insurance policy that pays the resident, so the community bills the resident and supplies statements and care documentation for the claim (Senior Living).
Rent commencement: the date base rent starts, which can differ from lease commencement (Commercial Property).
Rentable area, usable area: usable area is the space inside a tenant's demising walls; rentable area adds the tenant's share of shared space such as corridors, restrooms and lobbies (Commercial Property).
Rental agreement (self storage): the periodic, month-to-month contract under a state self-service storage act between an owner and an occupant, modeled as a lease with no end date and a different governing law (Self Storage).
Resale certificate: the package an association furnishes when a unit sells (amounts owed, fees, budget, reserves, violations, restraints on transfer), on a statutory deadline and fee, frozen as issued because the association is bound by it (Community Associations).
Reserve study: an inventory of an association's major components with each one's remaining useful life and replacement cost, plus a funding plan; each study is a new version, not an edit (Community Associations).
Reserves: money an association sets aside to replace major components at the end of their lives, held in a restricted account whose transfers are governance events (Community Associations).
Residency agreement: senior living's name for the lease, which a Medicaid resident's setting must make legally enforceable with landlord-tenant or comparable eviction protections (Senior Living).
Resident representative: a person with scoped, verified, dated authority to act for a senior living resident (financial or health care power of attorney, guardian or conservator, responsible party); not a guarantor and not personally liable (Senior Living).
Resident-owned home: a manufactured home the resident owns on a rented lot; it has an owner and a title but no lease of its own (Military & Specialty Housing).
Respite stay: a short senior living stay, often while a family caregiver travels or after a hospital discharge, under its own agreement and usually a daily rate, counted in census while it lasts (Senior Living).
Responsible party: a person who has agreed to pay for or be contacted about a senior living resident, and who can give notices such as a bed hold no-return notice (Senior Living).
Retail protections: commercial clauses such as exclusive use, co-tenancy (rent relief if anchors leave), radius restrictions, operating covenants, go-dark rights and relocation rights (Commercial Property).
Right of first refusal, right of first offer: a tenant's rights over other space in the building, each with dates attached (Commercial Property).
Roommate matching: pairing students who don't arrive as a group by lifestyle questionnaires, compatibility scores and mutual requests; inputs must exclude protected characteristics and every placement keeps its decision record (Student Housing).
Roommate request (mutual): two students asking to live with each other, recorded as the residents' own choice, separate from the operator's placement of strangers (Student Housing).
RV site: a lot rented to a recreational vehicle; a monthly site is a lot with a lease, and a nightly site is a stay under the short-term rental model (Military & Specialty Housing).
Scattered-site portfolio: single-family houses spread across a metro under one owner, each a building with one unit, where every maintenance visit is a drive (Military & Specialty Housing).
SCRA lien protection (storage): the federal bar on enforcing a storage lien against a servicemember's property during military service and 90 days after without a court order, so a lien case needs a military check before the sale (Self Storage).
SCRA (Servicemembers Civil Relief Act) lease termination: a service member's right to end a residential lease on entering service, on PCS orders, on a deployment of at least 90 days or under a stop-movement order, with no early termination charge and a computed effective date; it applies to every property type (Military & Specialty Housing).
Second person: a spouse or companion sharing a senior living apartment, who pays a second-person fee for meals and services and has their own care level if they need care (Senior Living).
Secret ballot: a member vote whose participation records and ballot choices are stored so they can't be joined, proving eligibility without revealing how anyone voted (Community Associations).
Segment: a property attribute (student, senior, military, build-to-rent) that switches on segment behavior while the property type stays as the core defines it (Student Housing).
Segregated rent: a privatized housing tenant's allowance and allotted pay held during a maintenance or habitability dispute with a commander's approval, so the landlord can't use it; it is charged and paid but posted to a held liability until the decision distributes it (Military & Specialty Housing).
Self-showing: letting a prospect tour a vacant house alone after identity verification, with a short-lived single-use lockbox or smart lock code and a log of the entry (Military & Specialty Housing).
Single-family rental (SFR): a portfolio of rented houses, scattered or built together, managed as many small properties with keys, yards and often homeowners associations of their own (Military & Specialty Housing).
SIRS (structural integrity reserve study): Florida's required reserve study for condominium and co-op buildings three habitable stories or higher, covering listed structural components, whose reserves can't be waived (Community Associations).
Skilled nursing facility (SNF): a federally certified nursing home billing Medicare and Medicaid as a clinical facility; the boundary of property software, integrated with rather than absorbed (Senior Living).
Special assessment: a one-time levy outside the regular budget (a roof the reserves can't cover, an insurance deductible), allocated by the same formula unless the documents say otherwise and often needing an owner vote (Community Associations).
Spend-down: a private-pay senior living resident running down their assets to Medicaid eligibility, recorded as a payer change on the existing agreement from the eligibility date, often retroactively (Senior Living).
Stacking plan: floors drawn as a stack of suites with tenants and expirations, a view over units, premises and leases rather than a separate store (Commercial Property).
Stay: a reservation of a unit for a range of nights, with a booker, guests, a whole-stay price and a cancellation policy; it is not a lease and falls under lodging law up to the jurisdiction's tenancy threshold (Short-Term Rentals).
Straight-line rent: lessor income recognized evenly over an operating lease's term rather than as billed, building and unwinding an accrued rent receivable through free and stepped rent (Commercial Property).
Street rate: the storage move-in rate a new customer pays today, posted on the website and marketplaces and changed as demand moves (Self Storage).
Super-priority (association lien): the limited portion of an association's lien, a set number of months of budget-based assessments in states that grant it, that ranks ahead of a prior first mortgage (Community Associations).
Surplus (lien sale): sale proceeds above the lien and costs, which belong to the occupant or a senior lienholder, are held for a statutory period, then go to a county, the state or are deemed abandoned (Self Storage).
Tenancy threshold: the length of continuous occupancy, set per jurisdiction, at which a guest becomes a tenant; a stay reaching it needs a lease (Short-Term Rentals).
Tenant audit rights: a commercial tenant's right to audit the books behind a reconciliation, with a frequency, a window from statement delivery and a cost-shifting threshold set per lease (Commercial Property).
Tenant Bill of Rights, Tenant Responsibilities: the statutory rights and duties of privatized military housing tenants (10 U.S.C. 2890), including maintenance history before signing, an electronic work order system, no non-refundable fees and a dispute process (Military & Specialty Housing).
Tenant insurance compliance (commercial): comparing a lease's insurance requirements (coverages, limits, additional insureds, maximum deductible) with each certificate received, producing findings such as missing, deficient or expiring (Commercial Property).
Tenant insurance (self storage): a policy from a licensed insurer covering stored goods, sold at the counter or online and often reinsured by the operator's own subsidiary (Self Storage).
TI (tenant improvement) allowance: money the landlord contributes to build out a tenant's space, quoted per rentable square foot and disbursed against invoices and lien waivers under the lease's rules (Commercial Property).
Tiered care pricing (levels of care): different levels of care at different price points, with the level set by assessment (Senior Living).
Turnover (short-term rental): the cleaning, restocking and inspection between one stay's departure and the next arrival, created from the calendar for every departure with a window from checkout to the next check-in (Short-Term Rentals).
Type A, B and C contracts: life plan community contracts that are all-inclusive with a monthly fee that doesn't rise with care needs (A), cover a set number of nursing days before per diem rates (B), or charge for all health care as used (C) (Senior Living).
UCIOA (Uniform Common Interest Ownership Act): the model act many states adopted in some form, which sorts common interest communities into condominiums, cooperatives and planned communities (Community Associations).
Undivided interest: a condominium owner's share of the common elements, held with the other owners as tenants in common (Community Associations).
Unhosted night cap: a city's limit on nights a unit may be rented without the host present, counted from confirmed unhosted stays rather than stored as a counter (Short-Term Rentals).
Unit mix: the count of each storage unit type at a facility, a capital decision that changes when movable walls resize units (Self Storage).
Unit type (self storage): the bundle of attributes a customer chooses (size, climate control, access, floor), the level at which storage is priced while the system rents a specific unit inside it (Self Storage).
VA Aid and Attendance: monthly payments added to a VA pension for qualified veterans and survivors who need help with daily activities; paid to the veteran, so it is the resident's income rather than a receivable (Senior Living).
Value limit: the cap a storage agreement sets on the value of property an occupant may store (Self Storage).
Violation (covenant enforcement): a case recorded against a unit and a rule, moving through courtesy notice, notice of hearing, hearing and decision, and fine, with evidence and delivery proof for each step (Community Associations).
Waterfall (military housing): an installation's ordered eligibility tiers for privatized homes, opening them to other groups in a fixed order when occupancy falls; kept as an effective-dated rule, with each waitlist entry recording the version that placed it (Military & Specialty Housing).

À la carte care pricing: a base fee with care services added or removed as the resident's needs change (Senior Living).
Abatement (free rent): months with base rent waived as a leasing incentive, usually while additional rent (recoveries) stays payable; one a default can forfeit is a contingent credit, not a fixed one (Commercial Property).
Academic term: a property-level product (academic year, semester, quarter or summer) whose dates a student lease copies at signing, so a later calendar change is a new term rather than an edit to signed leases (Student Housing).
Academic-year turn: turning almost every unit of a student property in the short window between one year's lease ends and the next year's starts, planned as one production schedule (Student Housing).
Activities of daily living: bathing, dressing, medication, getting to meals and similar personal care, the help assisted living adds to an apartment (Senior Living).
Administrative fee (recoveries): a fee the landlord adds on top of recoverable expenses, such as a management charge set as a percentage of operating income, which some leases cap separately (Commercial Property).
ADT feed: the admit, discharge and transfer events of health care integration; in senior living, move-in, transfer, leave and move-out events sent from the property platform to the EHR and pharmacy (Senior Living).
Advance payment (short-term rental): money a guest pays before a future stay, held for the owner and possibly refundable, so it's a liability until the stay is earned (Short-Term Rentals).
All-inclusive care pricing: a monthly fee that includes room and board, care services and all other services and amenities (Senior Living).
Allocated interests: the numbers the declaration fixes for each unit (its share of common expenses, its votes and, in a condominium, its undivided interest), changed only by amendment and kept as effective-dated reference data (Community Associations).
Allotment: a standing deduction from military pay sent to a payee, the usual way privatized housing rent is paid; it starts at lease signing, stops at move-out and arrives as a file to reconcile (Military & Specialty Housing).
Allowance entitlement: the housing allowance a specific service member is owed, stored per member as its own effective-dated record with the rate row and reason behind it, because rate protection and corrections make it differ from the current table (Military & Specialty Housing).
Alternate contact (self storage): the second address a storage agreement must request in states such as California and Washington; without it the lien doesn't attach, and lien notices go to both addresses (Self Storage).
Ancillary retail (self storage): locks, boxes and moving supplies sold at the counter, possibly to non-occupants, taxed as retail goods and tracked as inventory, unlike rent (Self Storage).
API connection (channel): a partner integration in which a channel and the system exchange reservations, prices and availability as they happen; channels admit only a limited set of software partners (Short-Term Rentals).
Architectural review (ARC, ACC): the committee or board review of an owner's request to change the outside of a home, with a submission, completeness date, committee votes, a decision and follow-through, and often a deemed approval if the deadline passes (Community Associations).
Artificial breakpoint: a negotiated sales threshold for percentage rent other than the natural breakpoint, often fixed in dollars or stepped by year (Commercial Property).
ASC 842, IFRS 16: the US and international lease accounting standards that put leases on the lessee's balance sheet as a lease liability and a right-of-use asset, and set how lessors recognize lease income (Commercial Property).
Assessment: an owner's share of what it costs to run a community association, set from the board's adopted budget and allocated across units by the declaration's formula, usually billed monthly or quarterly (Community Associations).
Assessment gate: the senior living sales funnel's dependence on a care assessment before move-in, because both the price and the admission decision depend on it (Senior Living).
Assigned-benefit policy: a long-term care insurance policy whose benefits are paid to the provider, making it a payer the community bills directly (Senior Living).
Assignment letter: the notice telling a student resident (and, with consent, the guarantor) their building, unit, bed and roommates' first names, sent once when an assignment board is published (Student Housing).
Assisted living: apartments plus help with the activities of daily living, delivered by staff around the clock under a state license whose definition each state sets itself (Senior Living).
Association (community association): the legal entity, usually a nonprofit corporation, that owns or administers a community's common property and acts through its elected board; it is the manager's client (Community Associations).
BAH (Basic Allowance for Housing): the housing allowance for a service member not in government quarters, set by location, pay grade and dependency status, published annually and effective January 1; in privatized housing it is the rent (Military & Specialty Housing).
Base year: a named year whose expenses set the baseline in a gross lease; the tenant pays its share only of increases above it, with the grossed-up base frozen once the year closes (Commercial Property).
Bed: the leased, priced, assigned and counted space in by-the-bed student housing, under the unit and bedroom, which still own the door, meters and work orders (Student Housing).
Bed hold: a senior living facility's agreement to reserve a resident's apartment while they are in a hospital, nursing home or other facility, usually with the rent still running; Florida requires a written policy (Senior Living).
Bed type: a floor plan and room configuration (for example a private room in a four-bedroom, four-bath unit) that a student lease can be signed for before a specific unit and bed are assigned (Student Housing).
Board and committee terms: the record of who held which seat on an association board or committee, from when to when, so any approval can be checked against the authority in force that day (Community Associations).
Breakpoint: the sales level above which a retail tenant owes percentage rent (Commercial Property).
Broker commission (commercial): the fee a landlord pays its own agent and often the tenant's broker, commonly a percentage of aggregate base rent, paid in installments on events such as execution or rent commencement, and an initial direct cost for the lessor (Commercial Property).
Build-to-rent (BTR): a community of houses or townhomes built to be rented, which looks like a horizontal apartment community: one property, many buildings (Military & Specialty Housing).
Bulk assignment: placing pre-leased student residents into specific beds in one pass, working signed-but-unplaced leases against open beds by bed type, as a draft that is validated and then published in one transaction (Student Housing).
By-the-bed lease (individual lease): a lease for one bed and shared use of the unit's common areas, signed by one resident who owes only their own rent; the operator may fill a vacant bed without the roommates' consent (Student Housing).
CAM (common area maintenance): the costs of running shared areas, one of the three cost families a net lease passes to tenants alongside real estate taxes and insurance (Commercial Property).
Cap (expense recovery): a negotiated limit on how fast recoverable expenses, usually controllable ones, may rise; non-cumulative caps grow from the prior year, cumulative caps compound from the base and carry unused headroom forward (Commercial Property).
Care assessment: a nurse's or qualified assessor's evaluation of a resident's needs, before admission and again on a schedule or a change of condition, that produces the care level; it is clinical and kept apart from the accepted price (Senior Living).
Care fee: the part of an assisted living bill for the help a resident needs, separate from the base rate for the apartment, meals and basic services (Senior Living).
Care level determination: the care level an operator accepted for billing after an assessment, with when and under which notice treatment; one accepted level per resident at a time, effective-dated, and the care fee schedule points to it (Senior Living).
CC&Rs (declaration of covenants, conditions and restrictions): the recorded document that governs a planned community (HOA), the counterpart of a condominium's declaration (Community Associations).
Census: senior living's word for occupancy, counting residents in house (by care level and payer, against licensed capacity) rather than units, derived nightly and snapshotted as reported (Senior Living).
Change of condition: a change in a resident's health that triggers a focused reassessment outside the regular schedule (Senior Living).
Channel: a place a short-term rental is sold, such as an online travel agency or the operator's direct booking site; each listing is the channel's copy of the unit with its own identifier, content, fees and policies (Short-Term Rentals).
Channel manager: the software that keeps a unit's channel listings in step, pushing availability, prices and restrictions out and taking reservations, modifications and cancellations in; usually part of the property management system (Short-Term Rentals).
Channel payout: one payment from a channel covering many stays, net of the channel's fees and any taxes it remits, reconciled through payout lines that tie it back to each stay (Short-Term Rentals).
Climate-controlled unit: a heated and cooled (sometimes humidity-controlled) storage unit, a different product at a different price from an unconditioned one (Self Storage).
Closed to arrival, closed to departure: restrictions that stop stays from starting or ending on given nights, such as Saturday-only arrivals in a weekly market (Short-Term Rentals).
Community-owned home: a manufactured home the community owns and rents to a resident with the lot, or with an option to buy (Military & Specialty Housing).
Condominium: a common interest community where each owner holds title to a unit plus an undivided interest in the common elements, governed by a declaration (or master deed) (Community Associations).
Contactless move-in (online rental): renting storage in one online session: choose a unit type, hold a unit, identify the occupant, choose coverage, sign, pay and receive a gate code, with no staff present (Self Storage).
Continuing care retirement community (CCRC), life plan community: a campus offering several levels of senior living under one long-term contract, usually with an entrance fee plus a monthly fee (Senior Living).
Controllable expenses (expense cap): the operating expenses a lease's cap applies to, usually defined by excluding items such as insurance, utilities, snow removal and costs outside the landlord's control (Commercial Property).
Cooperative (co-op): a common interest community where the association owns the whole real estate and each owner holds shares plus a proprietary lease; a sale transfers the shares and usually needs board consent (Community Associations).
Corporate lease administration: the occupier's management of the leases it holds as lessee (paying rent, tracking options, auditing reconciliations and accounting under ASC 842 and IFRS 16) (Commercial Property).
Covered entity: under HIPAA, a health plan, clearinghouse or health care provider that transmits health information electronically in a covered transaction; a senior living operator becomes one by, for example, billing Medicaid electronically (Senior Living).
Critical date: a date a commercial lease clause makes someone act on (an option window, rent commencement, an audit deadline), stored with its window, owner and status so alerts fire from a stored date (Commercial Property).
Damage waiver (short-term rental): a non-refundable per-stay fee in exchange for the operator absorbing accidental damage up to a limit; it's revenue, possibly taxable, not a deposit (Short-Term Rentals).
Data plate: the plate near a manufactured home's main electrical panel giving the manufacturing plant, serial number, model and date of manufacture (Military & Specialty Housing).
Deal (commercial leasing): a negotiation for space with a prospect, a stage and versioned proposals; executing it creates the lease, and the deal keeps a link to what it produced (Commercial Property).
Denial of access (self storage): the statutory step of locking a delinquent occupant out of the facility, on a clock each state sets, enforced by suspending the gate code and overlocking the unit (Self Storage).
Dependency status: whether a service member draws the with-dependents or without-dependents housing allowance; a marriage, birth or divorce can change it and reprice the lease (Military & Specialty Housing).
Discount rate, IBR (incremental borrowing rate): the rate a lessee discounts lease payments at; in practice the IBR, the rate it would pay to borrow the lease payments on a collateralized basis over a similar term (Commercial Property).
Dual-military household: a household in which both spouses serve; rent equals the senior grade member's with-dependents allowance, and the other member keeps their own (Military & Specialty Housing).
ECRI (existing-customer rate increase): a storage rent increase for an occupant already in a unit, made by scheduled notice with a computed effective date and checked against disclosed maximums and any emergency order (Self Storage).
EHR (electronic health record): the system that holds a resident's clinical chart; in senior living it sits outside the property platform, which integrates with it (Senior Living).
eMAR (electronic medication administration record): the record of each dose given, refused or held against the pharmacy's orders (Senior Living).
Embedded lease: a lease hidden inside a service contract (dedicated trucks, identified data center racks) that lease accounting still has to find and record (Commercial Property).
Entrance fee: the up-front payment for a life plan community contract, often substantial and in part refundable, with rescission and refund arithmetic regulated where a state has a continuing care statute (Senior Living).
Estimates and reconciliation: monthly recovery charges billed from the landlord's budget, then trued up after year-end against actual pool costs under each lease's terms, posted as a one-time charge or credit (Commercial Property).
Estoppel certificate (association): a statement of what a unit owes the association, issued to an owner, buyer or lender on a statutory deadline; the association is bound by the figures stated to someone who relies on them in good faith (Community Associations).
Exclusions (recoveries): costs a lease bars the landlord from passing through, such as capital improvements, leasing commissions and financing costs (Commercial Property).
Expense recovery: billing commercial tenants their lease-defined shares of operating expenses, taxes and insurance through estimates and an annual reconciliation (Commercial Property).
Expense stop: a base-year arrangement expressed as a fixed amount per square foot instead of a year's actual costs (Commercial Property).
Finance lease, operating lease: ASC 842's two lessee classes; a finance lease transfers ownership in substance (by one of the standard's tests) and shows amortization and interest separately, an operating lease shows a single straight-line lease cost (Commercial Property).
Flex space, coworking: commercial space resold in small, short slices (desk memberships, private offices, meeting rooms by the hour, day passes, virtual offices), run more like a subscription and booking system than a lease ledger (Commercial Property).
Full-service gross lease: a lease where the landlord pays operating expenses, taxes and insurance out of a single rent, often only above a base year (Commercial Property).
Gap (orphan) nights: a short hole between two stays that the minimum stay would otherwise make unsellable, which pricing tools adjust to fill (Short-Term Rentals).
Gate code (access state): the credential that is possession in storage; the management system holds the desired state per agreement (issued, suspended, restored, revoked) and reconciles the gate's actual state against it (Self Storage).
Gross booking revenue: a stay's accommodation charge net of discounts, the base for a vacation-rental manager's commission and the owner's statement (Short-Term Rentals).
Gross-up: adjusting variable operating costs to what they would have been at a stated occupancy, in both the base year and the comparison year, so tenants don't pay for the landlord's vacancy (Commercial Property).
HCBS (home and community-based services) settings rule: the federal rule requiring a person in a provider-owned or controlled setting to hold a legally enforceable agreement with tenant-like protections, plus privacy, lockable doors and a choice of roommates (Senior Living).
Home placement: a manufactured home sitting on a lot for a date range; one home per lot and one lot per home at a time (Military & Specialty Housing).
Hospital leave: a resident's absence in a hospital or a skilled nursing facility for rehab; they remain a resident, their apartment is not available and the rent usually keeps running (Senior Living).
Host protection program: a channel's own damage and liability coverage for hosts on its bookings, with claims run on the channel's evidence rules and deadlines (Short-Term Rentals).
HUD certification label: the permanent label on each transportable section of a manufactured home, numbered with a three-letter production inspection agency code and six digits (Military & Specialty Housing).
Hybrid entity: under HIPAA, an organization that designates its health care components (such as a life plan community's skilled nursing wing), which must not pass protected health information to the rest of the organization (Senior Living).
iCal (calendar feed): a polled URL listing blocked dates that carries availability only, with a lag that is the double-booking window (Short-Term Rentals).
Independent living: apartments with meals, housekeeping, transportation and activities for older adults who need little or no personal care, usually under landlord-tenant law and paid privately (Senior Living).
Indirect pre-lease: a student lease signed for a bed type but not yet placed in a specific unit and bed, shown against inventory until assignment (Student Housing).
Initial direct costs: costs of obtaining a lease, such as broker commissions, that a lessor capitalizes and recognizes over the lease term, while travel, legal fees and allocated salaries are expensed (Commercial Property).
In-place rate: what an existing storage occupant pays, set at move-in and raised over time; the gap to the street rate is the storage business model (Self Storage).
IWMS (integrated workplace management system): software combining lease administration, space management, facilities maintenance and capital projects for occupiers (Commercial Property).
Joint and several lease: one lease for a unit signed by every roommate, each liable for the whole rent; a roommate's departure or nonpayment leaves the others owing (Student Housing).
Lease abstract: the structured summary of a long commercial lease (parties, premises, dates, rent, recovery terms, options and clauses), each field pointing back to its source section (Commercial Property).
Lease amendment (commercial): a signed change to an existing commercial lease (expansion, extension, rent reset); unlike a residential renewal it amends the same lease, so base years, caps and straight-line schedules run across amendments (Commercial Property).
Lease liability, ROU (right-of-use) asset: the present value of a lessee's unpaid lease payments, and the asset equal to that liability plus initial direct costs and prepaid rent, less incentives received (Commercial Property).
Leased beds for a term: signed leases for a term, assigned to a bed or not, divided by the term's rentable beds; the student measure of pre-leasing (Student Housing).
Liability model: whether a lease is joint and several or individual, chosen at signing and printed in the document, never inferred from how many people signed (Student Housing).
Lien (association): the association's statutory or declared claim on a unit for unpaid assessments, enforced by foreclosure within state limits; which charges it can carry varies by state (Community Associations).
Lien class: a classification on each charge code saying whether a charge can join an association's lien, count toward super-priority or support a foreclosure under the jurisdiction's rules (Community Associations).
Lien sale (self storage): the statutory sequence for enforcing a storage owner's lien on a unit's contents: default, access denial, notices, cure period, advertisement and a commercially reasonable sale, often online (Self Storage).
Load factor (R/U ratio): rentable area divided by usable area (Commercial Property).
Lodging tax (transient occupancy tax): the state and local taxes on a short stay, taxed like a hotel room, each with its own rate, base, length-of-stay exemption and filing; who collects and remits depends on the channel (Short-Term Rentals).
Long-term care insurance: policies that pay a daily amount up to a limit for help with activities of daily living, either reimbursing the resident or paid to the provider (Senior Living).
Lot lease, lot rent: the lease of the ground under a resident-owned manufactured home, and its rent, kept as a charge code separate from home rent because rent-increase law usually governs lot rent (Military & Specialty Housing).
MAC (Military Assistance Company): an allotment management contractor that collects and manages BAH payments for housing partnerships and reports to the service (Military & Specialty Housing).
Management commission (short-term rental): the manager's percentage of gross or net accommodation revenue under the management agreement, sometimes different by booking source (Short-Term Rentals).
Manufactured home: a factory-built home meeting HUD construction and safety standards, evidenced by a state title, and personal or real property depending on state law and what has been recorded (Military & Specialty Housing).
Manufactured housing community: a community of lots, where the operator often rents only the ground and the resident owns the titled home on it, so the lot is the unit and the home is a separate asset (Military & Specialty Housing).
Master policy (association): the association's property and liability insurance on what the declaration and statute make it insure: common elements, and in a co-op or vertical condominium the units' structure (Community Associations).
Medicaid waiver (1915(c) waiver): a state program offering services such as personal care, homemaker and respite to people who meet an institutional level of care in their home or community; federal funds never pay room and board outside narrow exceptions (Senior Living).
Members: the owners of a community association, who elect the board, vote, pay assessments and owe compliance with the covenants, without contracting with the manager (Community Associations).
Membership (flex space): a recurring plan for a desk or office with included credits, overage charges and a notice period, billed like a subscription; one with no identified desk generally isn't a lease (Commercial Property).
Memory care: assisted living for residents with dementia, in a secured building or neighborhood with more staff, often licensed as an endorsement or special license (Senior Living).
MHPI (Military Housing Privatization Initiative): the DoD program under which long-term partnerships between a military department and a private company own, finance and operate family housing on or near installations (Military & Specialty Housing).
Milestone inspection: Florida's required structural inspection of condominium and co-op buildings three habitable stories or higher, at a building age set by statute and every 10 years after, in two phases (Community Associations).
MIMO file: a monthly outbound file of move-ins and move-outs sent to a military housing program, kept as sent with its acknowledgment (Military & Specialty Housing).
Minimum and maximum stay: limits on stay length set per night or per arrival day, which pricing tools change dynamically (Short-Term Rentals).
Modified gross lease: a lease that includes some costs in rent and passes others through, in whatever split the parties negotiated (Commercial Property).
Natural breakpoint: base rent divided by the percentage-rent rate, the sales level at which percentage rent would equal base rent (Commercial Property).
Negotiated service agreement (service plan): the plan, built from an assessment and agreed by the resident or representative, of how a facility will meet a resident's needs and monitor risks (Senior Living).
Net effective rent: total rent over the term less the landlord's concessions and costs, spread per square foot per year; a deal-pipeline metric computed from a proposal, not a stored lease term (Commercial Property).
NNN (triple net) lease: a lease where the tenant pays base rent plus its share of CAM, real estate taxes and property insurance; in an absolute net lease it also bears structural and capital items (Commercial Property).
Occupant (self storage): the statutory name for the person renting storage space, who may not use it as a residence and so falls under a self-service storage act rather than landlord-tenant law (Self Storage).
OHA (Overseas Housing Allowance): the allowance service members outside the US draw instead of BAH, with its own rules (Military & Specialty Housing).
Options (commercial lease): tenant rights such as renewal, extension, expansion, contraction, early termination and purchase, each exercisable in a notice window (Commercial Property).
OSCRE Industry Data Model: a free real estate data standard from the nonprofit OSCRE, defining entities across the asset lifecycle for exchanging properties, spaces, leases and rent rolls between parties (Commercial Property).
OTA (online travel agency): a channel such as Airbnb, Vrbo or Booking.com that sells short-term stays alongside the operator's direct site (Short-Term Rentals).
Overbooked stay: a channel-confirmed reservation that collides with nights another stay holds, recorded outside the overlap constraint and resolved by a person relocating or cancelling one guest (Short-Term Rentals).
Overlock: a second lock the operator puts on a storage unit so the occupant's key no longer opens it, the physical form of denying access, recorded with who placed and removed it, when and with what photo (Self Storage).
Owner nights: stays where a vacation-rental owner or the owner's guests use the home; they block the calendar, earn no accommodation revenue and may be limited by the management agreement (Short-Term Rentals).
Ownership account: the ledger and membership for one owner, or set of co-owners, of one association unit for as long as they hold title; it replaces the lease, closes at sale and opens anew for the buyer (Community Associations).
PAM report, Schedule G: the Army's and the Air Force's project oversight reports for privatized housing, built as report definitions and snapshotted as submitted (Military & Specialty Housing).
Payer coverage: a payer source (private pay, Medicaid, long-term care insurance, VA benefits) attached to one resident for a date range, so each charge names whose receivable it is (Senior Living).
Payer source: who pays for part of a senior living resident's month: private pay, Medicaid, long-term care insurance or VA Aid and Attendance, each with its own rules about what it pays for and to whom (Senior Living).
Payment plan (association): an arrangement letting a delinquent owner pay arrears over time; in California the owner can request a board meeting on one and late fees stop accruing while it's kept (Community Associations).
PCS (permanent change of station): orders moving a service member to a new duty station; under the SCRA they let the member terminate a residential lease (Military & Specialty Housing).
Percentage rent: retail rent of a percentage of the tenant's gross sales above a breakpoint, computed from certified sales reports, cumulatively or not, with tiers, offsets and prorated breakpoints (Commercial Property).
Pharmacy interface: the link that receives medication orders and sends refill requests over a standard such as NCPDP SCRIPT (Senior Living).
Planned community (HOA): a common interest community that is neither a condominium nor a cooperative, where owners hold title to lots or homes and the association owns or leases the common areas (Community Associations).
Points-based care pricing: a tiered variant in which the assessment scores each need, the points total falls in a band, and the band is a level with a price (Senior Living).
Pre-leasing curve, pace: the share of next fall's beds leased by a given week, compared with the same week in prior years; student pricing is steered by pace against it (Student Housing).
Preliminary lien notice: the first notice in a storage lien sequence, sent after a statutory number of consecutive unpaid days by an allowed delivery method and giving the occupant time to pay (Self Storage).
Private pay: a resident or family paying the full senior living bill from savings, income or the sale of a home (Senior Living).
Privatized military housing: family housing on or near an installation, owned and operated by a private partner under a long-term deal with a military department, priced by the resident's housing allowance and overseen by the installation and the service (Military & Specialty Housing).
Proprietary lease: the lease a co-op shareholder holds that gives exclusive possession of a unit; it's assigned with the shares at sale (Community Associations).
Pro-rata share: a tenant's area over a recovery pool's denominator, unless the lease stipulates the share (Commercial Property).
Protection plan (self storage): the operator's own promise, for a monthly fee, to bear losses to stored goods up to a limit as a term of the rental agreement, with no insurer; whether it counts as insurance depends on the state (Self Storage).
Rate protection: the BAH rule that a member staying at the same duty station keeps their allowance even if the published rate for the area falls (Military & Specialty Housing).
Records request (association): an owner's statutory right to inspect association records, run as a case with a computed deadline and penalties for missing it (Community Associations).
Recovery pool: a group of expenses recovered together and shared over a defined set of spaces (CAM, taxes, insurance, a marketing fund), with mapped expense accounts, an effective-dated membership and a denominator basis (Commercial Property).
Redemption (self storage): an occupant paying the full lien and expenses before the sale to recover the property, which must cancel the auction, restore access and remove the overlock as one outcome (Self Storage).
Registration (short-term rental): a city or regional record (registration, permit, license, certificate) a unit needs before it can be listed, with a number channels display and verify and validity dates the system watches (Short-Term Rentals).
Reimbursement policy: a long-term care insurance policy that pays the resident, so the community bills the resident and supplies statements and care documentation for the claim (Senior Living).
Rent commencement: the date base rent starts, which can differ from lease commencement (Commercial Property).
Rentable area, usable area: usable area is the space inside a tenant's demising walls; rentable area adds the tenant's share of shared space such as corridors, restrooms and lobbies (Commercial Property).
Rental agreement (self storage): the periodic, month-to-month contract under a state self-service storage act between an owner and an occupant, modeled as a lease with no end date and a different governing law (Self Storage).
Resale certificate: the package an association furnishes when a unit sells (amounts owed, fees, budget, reserves, violations, restraints on transfer), on a statutory deadline and fee, frozen as issued because the association is bound by it (Community Associations).
Reserve study: an inventory of an association's major components with each one's remaining useful life and replacement cost, plus a funding plan; each study is a new version, not an edit (Community Associations).
Reserves: money an association sets aside to replace major components at the end of their lives, held in a restricted account whose transfers are governance events (Community Associations).
Residency agreement: senior living's name for the lease, which a Medicaid resident's setting must make legally enforceable with landlord-tenant or comparable eviction protections (Senior Living).
Resident representative: a person with scoped, verified, dated authority to act for a senior living resident (financial or health care power of attorney, guardian or conservator, responsible party); not a guarantor and not personally liable (Senior Living).
Resident-owned home: a manufactured home the resident owns on a rented lot; it has an owner and a title but no lease of its own (Military & Specialty Housing).
Respite stay: a short senior living stay, often while a family caregiver travels or after a hospital discharge, under its own agreement and usually a daily rate, counted in census while it lasts (Senior Living).
Responsible party: a person who has agreed to pay for or be contacted about a senior living resident, and who can give notices such as a bed hold no-return notice (Senior Living).
Retail protections: commercial clauses such as exclusive use, co-tenancy (rent relief if anchors leave), radius restrictions, operating covenants, go-dark rights and relocation rights (Commercial Property).
Right of first refusal, right of first offer: a tenant's rights over other space in the building, each with dates attached (Commercial Property).
Roommate matching: pairing students who don't arrive as a group by lifestyle questionnaires, compatibility scores and mutual requests; inputs must exclude protected characteristics and every placement keeps its decision record (Student Housing).
Roommate request (mutual): two students asking to live with each other, recorded as the residents' own choice, separate from the operator's placement of strangers (Student Housing).
RV site: a lot rented to a recreational vehicle; a monthly site is a lot with a lease, and a nightly site is a stay under the short-term rental model (Military & Specialty Housing).
Scattered-site portfolio: single-family houses spread across a metro under one owner, each a building with one unit, where every maintenance visit is a drive (Military & Specialty Housing).
SCRA lien protection (storage): the federal bar on enforcing a storage lien against a servicemember's property during military service and 90 days after without a court order, so a lien case needs a military check before the sale (Self Storage).
SCRA (Servicemembers Civil Relief Act) lease termination: a service member's right to end a residential lease on entering service, on PCS orders, on a deployment of at least 90 days or under a stop-movement order, with no early termination charge and a computed effective date; it applies to every property type (Military & Specialty Housing).
Second person: a spouse or companion sharing a senior living apartment, who pays a second-person fee for meals and services and has their own care level if they need care (Senior Living).
Secret ballot: a member vote whose participation records and ballot choices are stored so they can't be joined, proving eligibility without revealing how anyone voted (Community Associations).
Segment: a property attribute (student, senior, military, build-to-rent) that switches on segment behavior while the property type stays as the core defines it (Student Housing).
Segregated rent: a privatized housing tenant's allowance and allotted pay held during a maintenance or habitability dispute with a commander's approval, so the landlord can't use it; it is charged and paid but posted to a held liability until the decision distributes it (Military & Specialty Housing).
Self-showing: letting a prospect tour a vacant house alone after identity verification, with a short-lived single-use lockbox or smart lock code and a log of the entry (Military & Specialty Housing).
Single-family rental (SFR): a portfolio of rented houses, scattered or built together, managed as many small properties with keys, yards and often homeowners associations of their own (Military & Specialty Housing).
SIRS (structural integrity reserve study): Florida's required reserve study for condominium and co-op buildings three habitable stories or higher, covering listed structural components, whose reserves can't be waived (Community Associations).
Skilled nursing facility (SNF): a federally certified nursing home billing Medicare and Medicaid as a clinical facility; the boundary of property software, integrated with rather than absorbed (Senior Living).
Special assessment: a one-time levy outside the regular budget (a roof the reserves can't cover, an insurance deductible), allocated by the same formula unless the documents say otherwise and often needing an owner vote (Community Associations).
Spend-down: a private-pay senior living resident running down their assets to Medicaid eligibility, recorded as a payer change on the existing agreement from the eligibility date, often retroactively (Senior Living).
Stacking plan: floors drawn as a stack of suites with tenants and expirations, a view over units, premises and leases rather than a separate store (Commercial Property).
Stay: a reservation of a unit for a range of nights, with a booker, guests, a whole-stay price and a cancellation policy; it is not a lease and falls under lodging law up to the jurisdiction's tenancy threshold (Short-Term Rentals).
Straight-line rent: lessor income recognized evenly over an operating lease's term rather than as billed, building and unwinding an accrued rent receivable through free and stepped rent (Commercial Property).
Street rate: the storage move-in rate a new customer pays today, posted on the website and marketplaces and changed as demand moves (Self Storage).
Super-priority (association lien): the limited portion of an association's lien, a set number of months of budget-based assessments in states that grant it, that ranks ahead of a prior first mortgage (Community Associations).
Surplus (lien sale): sale proceeds above the lien and costs, which belong to the occupant or a senior lienholder, are held for a statutory period, then go to a county, the state or are deemed abandoned (Self Storage).
Tenancy threshold: the length of continuous occupancy, set per jurisdiction, at which a guest becomes a tenant; a stay reaching it needs a lease (Short-Term Rentals).
Tenant audit rights: a commercial tenant's right to audit the books behind a reconciliation, with a frequency, a window from statement delivery and a cost-shifting threshold set per lease (Commercial Property).
Tenant Bill of Rights, Tenant Responsibilities: the statutory rights and duties of privatized military housing tenants (10 U.S.C. 2890), including maintenance history before signing, an electronic work order system, no non-refundable fees and a dispute process (Military & Specialty Housing).
Tenant insurance compliance (commercial): comparing a lease's insurance requirements (coverages, limits, additional insureds, maximum deductible) with each certificate received, producing findings such as missing, deficient or expiring (Commercial Property).
Tenant insurance (self storage): a policy from a licensed insurer covering stored goods, sold at the counter or online and often reinsured by the operator's own subsidiary (Self Storage).
TI (tenant improvement) allowance: money the landlord contributes to build out a tenant's space, quoted per rentable square foot and disbursed against invoices and lien waivers under the lease's rules (Commercial Property).
Tiered care pricing (levels of care): different levels of care at different price points, with the level set by assessment (Senior Living).
Turnover (short-term rental): the cleaning, restocking and inspection between one stay's departure and the next arrival, created from the calendar for every departure with a window from checkout to the next check-in (Short-Term Rentals).
Type A, B and C contracts: life plan community contracts that are all-inclusive with a monthly fee that doesn't rise with care needs (A), cover a set number of nursing days before per diem rates (B), or charge for all health care as used (C) (Senior Living).
UCIOA (Uniform Common Interest Ownership Act): the model act many states adopted in some form, which sorts common interest communities into condominiums, cooperatives and planned communities (Community Associations).
Undivided interest: a condominium owner's share of the common elements, held with the other owners as tenants in common (Community Associations).
Unhosted night cap: a city's limit on nights a unit may be rented without the host present, counted from confirmed unhosted stays rather than stored as a counter (Short-Term Rentals).
Unit mix: the count of each storage unit type at a facility, a capital decision that changes when movable walls resize units (Self Storage).
Unit type (self storage): the bundle of attributes a customer chooses (size, climate control, access, floor), the level at which storage is priced while the system rents a specific unit inside it (Self Storage).
VA Aid and Attendance: monthly payments added to a VA pension for qualified veterans and survivors who need help with daily activities; paid to the veteran, so it is the resident's income rather than a receivable (Senior Living).
Value limit: the cap a storage agreement sets on the value of property an occupant may store (Self Storage).
Violation (covenant enforcement): a case recorded against a unit and a rule, moving through courtesy notice, notice of hearing, hearing and decision, and fine, with evidence and delivery proof for each step (Community Associations).
Waterfall (military housing): an installation's ordered eligibility tiers for privatized homes, opening them to other groups in a fixed order when occupancy falls; kept as an effective-dated rule, with each waitlist entry recording the version that placed it (Military & Specialty Housing).