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100 Words Every Property Manager Should Know

May 6, 2026

100 Words Every Property Manager Should Know

No. Item Definition
1. access ability to enter property
2. addendum extra clause added to contract
3. amenities desirable property features or services
4. appliance installed household machine or device
5. application request to rent a property
6. arrears overdue unpaid rent
7. assignment transfer of lease rights
8. balance amount still owed or available
9. balcony platform projecting from building
10. breach breaking a contract term
11. budget planned income and expenses
12. claim formal request for compensation
13. clause specific contract provision
14. code official building or safety rules
15. common area shared space for residents
16. compliance following rules and requirements
17. contractor hired tradesperson or company
18. coverage protection included by insurance
19. credit check review of credit history
20. damage harm reducing property condition
21. deductible amount paid before insurance covers
22. default failure to meet obligations
23. delinquency late or unpaid account status
24. deposit money held against damage or default
25. disclosure required sharing of important facts
26. electrical power wiring and related systems
27. emergency urgent situation needing immediate action
28. entry notice advance notice before entering unit
29. eviction legal removal of a tenant
30. expense money spent on operations
31. fair housing anti-discrimination housing law
32. fire alarm device warning of fire
33. fixture item attached to the property
34. floor plan layout of rooms and spaces
35. fob electronic access device
36. grace period extra time before penalty applies
37. guarantor person backing tenant obligations
38. habitability being fit and safe to live
39. holdover staying after lease ends
40. house rules building behavior requirements
41. HVAC heating, cooling, and ventilation
42. inspection formal check of property condition
43. insurance coverage against loss or liability
44. inventory list of included items
45. invoice bill requesting payment
46. judgment court’s final decision
47. key tool used to unlock doors
48. landlord property owner who rents out
49. late fee charge for overdue payment
50. lease rental contract for a property
51. liability legal responsibility for harm
52. listing advertised rental availability
53. lockout being unable to enter property
54. maintenance upkeep and repair of property
55. master key key opening multiple locks
56. mediation assisted dispute resolution process
57. mold fungus growth causing damage
58. move-in start of occupancy
59. move-out end of occupancy
60. noise complaint report of disruptive sound
61. nonrenewal decision not to extend lease
62. notice formal written communication
63. nuisance conduct interfering with others
64. occupancy state of being occupied
65. occupant person living in the unit
66. owner statement report sent to property owner
67. permit official authorization for work
68. pet policy rules about animals in property
69. plumbing water and pipe systems
70. premises property covered by agreement
71. premium insurance cost paid regularly
72. prorated rent partial rent for partial period
73. prospect potential renter or client
74. receipt proof of payment received
75. rekey change lock to new key
76. remedy legal fix for a problem
77. renewal extension of an existing lease
78. rent payment for use of property
79. repair fixing a problem or defect
80. screening checking applicant background and history
81. showing scheduled property viewing
82. smoke detector device sensing smoke
83. sprinkler automatic fire suppression device
84. square footage area measured in square feet
85. sublet renting to another under lease
86. tenant person renting a property
87. term length of a lease
88. trash waste for disposal
89. turnover change from one tenant to another
90. unit individual rentable space
91. utilities essential services like water and power
92. vacancy period when unit is empty
93. vendor outside service provider
94. violation breach of rule or agreement
95. walk-through guided property condition review
96. water damage harm caused by water intrusion
97. wear and tear normal damage from ordinary use
98. work order request for maintenance work
99. yard outdoor land around property
100. zoning rules governing land use
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