Vocabulary Flashcards
Abandon
Intentionally and permanently give up, surrender, desert a premises.
Resident does not intend to come back.
Acceptance
Voluntarily receiving something that’s offered.
This is a required component of a legal contract.
Accessible
Public and common use areas of an apartment community.
Must be able to be uses by people with physical disabilities.
Accommodation
Refers to changes to rules, SERVICES, practices or policies that allows persons with disabilities equal enjoyment of housing but doesn’t change the nature of the program.
Advertising
Non personal promotion of the product or Sevice in mass media that’s openly paid for and/or sponsored by you.
Agreement
Bargain of the parties in fact as found in their language by implication including course of dealing
Cash flow
Remaining amount after all sources of income, expenses, etc. are paid.
Civil action
Lawsuit filed in federal or state court
Complaint
Used by attorneys to refer to a civil action filed in federal or state court.
Default
Failure to make a payment when does otherwise failing to perform an exam obligation under the lease.
Disparate impact discrimination
Practice they may seem neutral but results in unequal treatment of members of a protected class.
Effective gross income
Anticipated total revenue from all operations after vacancy, non revenue units and collection losses including other income.
What does ILS stand for?
Internet listening service and or site
Curb appeal
What the public see when driving/walking by your community
Market knowledge
Demographic and product info about your community, current competitors and protein risk future competitors.
