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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

Do Tenants Have Parking Rights?

Tenants in the U.S. have parking rights only if specified in their lease or required by local laws, with additional considerations for accessibility and property-specific rules.

November 17, 2024

Can a Tenant Change the Locks?

In the U.S., tenants can often change locks with landlord permission or as allowed by state laws, but they must usually provide a copy of the new key unless exempt by circumstances like domestic violence.

November 17, 2024

What is a Writ of Restitution?

A Writ of Restitution is a court order issued to enforce a judgment of possession, typically in the context of an eviction case. It grants the legal authority to remove a tenant from a property and restore possession of that property to the landlord or rightful owner.

November 17, 2024

The Basics of Property Accounting

Property accounting tracks and manages all financial aspects of real estate, including income, expenses, assets, and liabilities, using financial reports and specialized software to ensure compliance and optimize property profitability.

November 17, 2024

What are Typical Developer Fees on a Multifamily Development?

Typical developer fees for multifamily projects range from 3% to 5% of total project costs, with higher percentages for smaller, riskier, or affordable housing developments and lower percentages for larger or market-rate projects, influenced by scope, market conditions, and financing structures.

November 15, 2024

What is CRETech in Real Estate?

CREtech is a global community focused on advancing technology and sustainability in real estate through events, resources, and networking for industry professionals.

November 14, 2024

What Does Origin Investments Do in Real Estate?

Origin Investments is a real estate investment firm focused on acquiring, developing, and managing multifamily properties in high-growth U.S. markets, offering private funds aimed at income and capital appreciation for accredited investors.

November 14, 2024

What Does ESG Mean in Real Estate?

ESG in real estate refers to evaluating properties based on environmental sustainability, social responsibility, and ethical governance practices to create value for investors, tenants, and communities.

November 14, 2024

What is JLL Spark?

JLL Spark is the venture capital arm of JLL, investing in early-stage tech startups to drive innovation in commercial real estate across areas like construction tech, ESG, smart buildings, future of work, and fintech.

November 14, 2024

What Are Hard Costs in Construction?

Hard costs encompass all tangible expenses directly related to building, such as site preparation, structural materials, interior and exterior finishes, MEP systems, and landscaping.

November 14, 2024
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