Glossary of D terms

Expand your property management knowledge starting with the letter D.

An image of the letter D, representing this glossary category

D

Delinquency Rate

Explore how managing delinquency rates is important in rental property management for maintaining financial stability and ensuring tenant compliance

Damage Deposit

Explore the definition and role and management of damage deposits in rental property management, including benefits, legal requirements, and strategies for handling security funds effectively.

Dual Agency

In rental contexts, dual agency occurs when a single real estate agent or property manager represents both the property owner and the tenant. Transparency and consent are required from both parties.

Default

Default is the failure of a tenant to meet the terms of the lease agreement, commonly referring to the non-payment of rent. Default can lead to eviction proceedings.

Due diligence is the comprehensive appraisal of a property or business by a prospective buyer or tenant, aiming to establish its assets and liabilities and evaluate its commercial potential. This often involves reviewing financial records, legal documents, and physical condition.

Depreciation

Depreciation is the process of allocating the cost of tangible assets over their useful lives, reflecting wear and tear, obsolescence, or age. In real estate, this can affect the value of buildings and improvements for tax and accounting purposes.

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