Glossary Rental management — vocabulary in context
Receipts, indexation, software.
9 definitions · 1 clustersView by concept
1 semantic hubs · 9 connected terms
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Rental management →
Rental management encompasses all activities related to managing a rented property: finding tenants, drafting the lease, collecting rent, monitoring maintenance works and resolving disputes.
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Management contract
A management contract is the agreement by which a landlord entrusts the day-to-day management of their rental property to a professional (agency or manager) in exchange for an agreed fee.
Management mandate
A management mandate is a written power of attorney given by a landlord to a professional agent to manage their rental property on their behalf. It defines the agent's powers, duration and remuneration.
Dashboard
A dashboard is the summary interface of rental management software providing an overview of key portfolio indicators: rent collected, arrears, ongoing works and profitability.
Automatic reminder
An automatic reminder is a rental management software feature that automatically sends payment reminders to tenants with overdue rent, before resorting to a formal notice.
Property management company
A property management company is a firm specialising in managing real estate on behalf of landlords, handling all letting tasks in exchange for a fee.
Other terms
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Moving allowance
A moving allowance is a regional financial aid granted in Belgium, subject to income conditions, to tenants who move to healthy housing or housing suited to their family situation.
Open banking
Open banking is a system enabling the secure sharing of bank data between institutions via standardised APIs. In rental management, it allows automatic real-time tracking of rent payments.
Over-indebtedness
Over-indebtedness is the situation where a tenant's debt obligations exceed their repayment capacity. In Belgium, it can lead to a collective debt settlement procedure before the labour court.
Do not confuse
Management contract vs Management mandate
A management contract is the agreement by which a landlord entrusts the day-to-day management of their rental property to a professional (agency or manager) in exchange for an agreed fee. / A management mandate is a written power of attorney given by a landlord to a professional agent to manage their rental property on their behalf.
Management contract vs Rental management
A management contract is the agreement by which a landlord entrusts the day-to-day management of their rental property to a professional (agency or manager) in exchange for an agreed fee. / Rental management encompasses all activities related to managing a rented property: finding tenants, drafting the lease, collecting rent, monitoring maintenance works and resolving disputes.
Management contract vs Property management company
A management contract is the agreement by which a landlord entrusts the day-to-day management of their rental property to a professional (agency or manager) in exchange for an agreed fee. / A property management company is a firm specialising in managing real estate on behalf of landlords, handling all letting tasks in exchange for a fee.
Did you know
This glossary contains 9 definitions
Each term is explained in the Belgian legal context, with the specificities of the 3 Regions (Brussels, Wallonia, Flanders). Definitions include practical examples and links to reference articles.
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