Renting & managementAll terms starting with R
Rent roll
A schedule of every unit with its tenant, rent, lease dates, and deposit, the income snapshot of a property.
A rent roll lists occupancy and income unit by unit: who is in place, what they pay, when the lease ends, and what deposit is held. It is a standard diligence document when buying a tenanted property.
Reading it well means looking for concentration of lease expirations, rents below market, and units occupied without a current written lease.
Related terms
- NOI (Net Operating Income)Income after operating expenses but before debt service, taxes on income, and capital expenditures.
- Vacancy rateThe share of time or units sitting empty, budgeted as a reduction to expected rental income.
- Lease agreementThe contract setting the terms of a tenancy: rent, duration, responsibilities, and how it ends.
- TurnoverThe work and vacancy between one tenancy and the next: cleaning, repairs, marketing, and re-leasing.
Go deeper
More in Renting & management
Have a question about your own situation?
Ondo handles brokerage, lending, property management and notary under one roof, so the answer does not change depending on who you ask.