chapter 16

5. When a tenant transfers the entire remainder of her leasehold estate to another person (the assignee).
11. A property management expense that varies depending on current management needs (for example, repair expenses).2w
12. Using borrowed money to invest in an asset. If the asset appreciates, the investor earns money on the money borrowed as well as the money invested.
13. Ongoing repairs that are made to a building and its equipment to restore it to good operating condition.2w
16. The difference between a property’s value and the liens against it.
17. A report on rent collections; a list of a property’s total rental income, both collected and uncollected.2w
18. An increase in the value of an asset; generally due either to inflation or to an increasing scarcity of or demand for the asset.
19. A program of regular inspection and care to prevent problems.2w
20. The return on investment (ROI) to an investor, stated as a percentage of the amount invested.
22. A contract for possession of real estate in exchange for payment of rent.
23. A property management expense that doesn't vary depending on rental income or current management needs (for example, repair expenses).2w
24. The substitution of a new lease obligation for an old one, or a new party for one of the original parties.

1. A list of all of a property’s expenses incurred during a specific operating period.3w
2. A lawsuit filed by a landlord to evict a defaulting tenant.2w
3. A list of the rental rates for units in a particular building.2w
4. A lease provision that ensures automatic renewal of the lease unless the tenant or the landlord gives the other party notice of termination.3w
6. A periodic report showing the total money received and disbursed and the overall condition of the property during a given period.3w
7. When a tenant transfers less than her entire leasehold estate to another person (the subtenant); the subtenant might share possession with the tenant, or have the right to possess only a portion of the leased premises, or have the right to possess the entire premises for only a portion of the remainder of the lease term.
8. When someone other than the property owner supervises the operation of an income-producing property.2w
9. Spendable income; the amount of money left after all of the property’s expenses (operating costs, mortgage payments, and taxes) have been paid.2w
10. The mix of investments owned by an individual or company.
14. The actual or constructive expulsion of a person (usually a tenant) from real property.
15. An asset’s ability to be converted into cash quickly.
21. An asset that is expected to generate a return (a profit).