Glossary of L terms

Expand your property management knowledge starting with the letter L.

An image of the letter L, representing this glossary category

L

Leasehold Estate

Explore the concept of leasehold estates in property management, including key benefits, management tips, and the rights and responsibilities of tenants and landlords.

Landlord

A landlord owns rental property, rents out space to tenants, and ensures it meets safety and housing regulations.

Lease Agreements

A lease agreement outlines the duration, rent, and duties of each party in a tenant-landlord relationship, specifying terms for property occupancy.

Liability Insurance

Protect rental properties with liability insurance, offering legal and financial safety against claims, ensuring peace of mind for landlords and tenants.

Late Fee

Implement late fees to encourage on-time rent, detailed in leases and aligned with laws for effective property management.

Lease Renewal

Master tenant retention with strategic lease renewal practices, blending communication, market insight, and incentives to encourage prolonged tenancy and stable rental income.

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