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In the past, when lease audit was a new term, lease auditors were traditionally lawyers, accountants and leasing managers who wanted to develop their career path on lease audit. Nowadays, lease audit is a very distinctive profession and its expertise is so special that it goes beyond the scope of each of those professions.
Assessed value: The value of real estate property as determined by an assessor, typically from the county. "As-is": A contract or listing clause stating that the seller will not repair or correct ...
In colloquial Russian, there is a word "studiya", which means apartments with a combined bedroom and kitchen area. Russian studio apartments are represented in different segments of real estate. In economy class, these are flats of small square footage. But studio apartments also exist on a large area, and even in elite flats.
Rent regulation is a system of laws for the rental market of dwellings, with controversial effects on affordability of housing and tenancies. Generally, a system of rent regulation involves: Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization
"'Tenant screening'" is used primarily by residential landlords and property managers to evaluate prospective tenants. The purpose is to assess the likelihood the tenant will fulfill the terms of the lease or rental agreement and will also take great care of the rental property in question.
The basic definition is also known as WAULT to expiry to make the distinction clear. Depending on the market conditions, one might desire a high or low WAULT. For instance, if the rental market is strong and rents are rising, a low WAULT is desirable as that indicates that the current leases are going to expire or renegotiate in the short term ...
Ken H. Johnson, a real estate economist at Florida Atlantic University and a former real estate broker, says the new rules just add another layer of complexity to an already-confusing process.
When rent control ended in Cambridge, the city realized a 20% increase in new development and an increase in property values, according to a study by the MIT Center for Real Estate. [ 29 ] History reveals that these regulations are constantly in flux and adapting to situations such as natural disasters, economic crises, and pandemics.