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Real Estate Dictionary

What is a conservice fee in real estate?

A Conservice fee in real estate is a charge for the utility management services provided by Conservice, covering the administration and billing of utilities like water, gas, and electricity for properties.

February 28, 2024

What is lease term solutions?

LeaseTerm Solutions is a risk management company that specializes in providing core risk management solutions for the multi-family industry. Their products are designed to help apartment communities proactively manage lease breaks, end-of-lease property damage, and accidental damage to units and common areas.

February 28, 2024

What is a Convergent Billing Fee in Real Estate?

A convergent billing fee in real estate refers to a charge associated with the consolidated billing of multiple utility services or property-related charges into a single invoice.

February 28, 2024

What is a Vacant Recovery Fee in Real Estate?

A Vacant Recovery Fee in real estate is a charge imposed to cover turnover costs like cleaning, repairs, and marketing when a unit becomes vacant, helping landlords offset expenses, maintain cash flow, and encourage tenant retention.

February 28, 2024

What is residentinsure?

ResidentInsure, now known as Homebody, offers renters insurance to protect against losses from events like fire, theft, and smoke damage, ensuring renters can replace valuable items without significant expense.

February 28, 2024

What is a lease guarantor form?

A lease guarantor form is a legally binding document where a third party agrees to take on a tenant's financial obligations if the tenant fails to meet them.

February 28, 2024

What is conservice?

Conservice is a leading utility management and billing company that was founded in 2000 in Logan, Utah. It offers utility management services for over 5.2 million locations throughout North America

February 28, 2024

What is an HP 10b calculator?

The HP 10b is a financial calculator by Hewlett-Packard, widely used by professionals and students for a range of financial calculations including loan payments, interest rates, and cash flow analysis.

February 24, 2024

What is aesthetic zoning in real estate?

Aesthetic zoning involves regulations that dictate design and appearance standards for developments to ensure cohesive and visually appealing communities.

February 24, 2024

What is an SIOR designation in real estate?

The SIOR designation stands for Society of Industrial and Office Realtors. It is a professional credential awarded to commercial real estate practitioners who meet specific educational, production, and ethical requirements.

February 24, 2024

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