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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What is a Flexible Rent Payment Plan in Multifamily and Who Offers Them?

A Flexible Rent Payment Plan in multifamily housing allows tenants to pay rent in installments rather than a lump sum, with companies like Flex, Domuso, Till, Jetty, Esusu, and Rhino offering such services through partnerships with property managers.

September 26, 2024

What is a Cosigner Service?

Cosigner services help property owners reduce financial risk and increase occupancy by guaranteeing rent payments for tenants who don't meet standard financial qualifications, thereby expanding the pool of eligible renters.

September 26, 2024

What is a Maximum Allowable Offer (MAO) in Real Estate?

The Maximum Allowable Offer (MAO) is the highest price a real estate investor should offer for a property, calculated by subtracting repair costs from 70% of the After Repair Value (ARV) to ensure profitability.

September 25, 2024

What is the Difference Between Subletting vs Subleasing in Commercial Real Estate?

Subletting involves a tenant renting part of their space while retaining responsibility for the lease, whereas subleasing transfers the tenant's rights for the entire space or lease term, but the original tenant remains liable.

September 25, 2024

What Does Earn Out Mean in Commercial Real Estate?

In commercial real estate, an earn-out is a financial arrangement where part of the payment or loan is contingent upon the property meeting specific post-transaction performance targets.

September 25, 2024

What is a USDA Construction Loan?

A USDA Construction Loan is a government-backed loan that combines financing for home construction and permanent ownership, requires no down payment, and is available to low-to-moderate income borrowers in eligible rural areas.

September 24, 2024

What is a Soft Prepayment Penalty?

A Soft Prepayment Penalty is a fee charged for early loan payoff due to refinancing but does not apply if the property is sold.

September 24, 2024

What is a Flat Prepayment Penalty?

A Flat Prepayment Penalty is a fixed fee charged to a borrower for paying off a loan early, regardless of when the prepayment occurs.

September 24, 2024

What is an Apartment Survey?

An apartment survey is a research process that gathers data on rental prices, availability, occupancy, unit sizes, and amenities to understand market trends and property performance.

September 22, 2024

What is a Building Implosion and How Does it Work?

A building implosion is a demolition method that uses explosives to collapse a structure inward, ensuring minimal impact on the surrounding area through careful planning and controlled detonation.

September 21, 2024
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