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L

Glossary of L terms

Expand your property management knowledge starting with the letter L.

An image of the letter L, representing this glossary category
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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.

L

Landlord

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

L

Lease Agreements

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

L

Liability Insurance

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

L

Late Fee

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

L

Lease Renewal

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

L

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