Rental Properties

Implied Warranty of Habitability: Ensuring Livable Rental Properties
The Implied Warranty of Habitability is a legal doctrine that ensures rental properties are fit for human habitation. It requires landlords to maintain their properties in a condition that meets basic living and safety standards.
Month-to-Month Tenancy: Flexible Leasing Agreement
A comprehensive guide to month-to-month tenancy, outlining the flexibility, benefits, and considerations of this lease agreement type.
Occupancy Level: Measurement of Rented Units
An in-depth look at Occupancy Level, its significance, factors influencing it, and comparisons to related terms such as Vacancy Rate.
Vacancy Rate: Percentage of Unoccupied Units or Space
The vacancy rate represents the percentage of all units or spaces that are unoccupied or not rented. It is a crucial metric in real estate and finance, used to estimate the vacancy allowance on a pro-forma income statement, which is then deducted from Potential Gross Income (PGI) to derive Effective Gross Income (EGI).

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