Glossary of T terms

Expand your property management knowledge starting with the letter T.

An image of the letter T, representing this glossary category

T

Tenant Rights

Tenants’ rights include a safe, habitable home, privacy, and legal protections against unfair evictions, discrimination, and excessive rent practices.

Tenancy agreement is a contract between a landlord and a tenant that specifies the terms and conditions of the rental arrangement, including rent amount, security deposit, duration of tenancy, and responsibilities of both parties.

Triple Net Lease (NNN)

A tripple net lease is a lease agreement where the tenant agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).

Turnover Rate

Turnover rate is a metric indicating how often tenants vacate rental properties within a given period, typically a year. High turnover rates can indicate issues with tenant satisfaction or property management.

Tenant Screening

Tenant screening helps landlords assess tenants’ credit, rental history, and sometimes criminal background to ensure they can meet lease obligations reliably

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