Renting, Leasing & Property Management

A sales term for a 30-year lease with promises that it may be renewed for two more 30-year periods.

The planned income and expenditure for operating and maintaining the condominium during a financial year.

The yearly meeting at which condominium co-owners receive reports and vote on building matters.

A transfer of a tenant's rights and obligations under a lease to another party.

Financial statements reviewed by an auditor for the condominium juristic person.

The registered owner of a condominium unit. All unit owners together share rights and duties for the common property.

A regular fee paid by condominium owners for security, cleaning, repairs and other shared services.

Unpaid common-area charges owed by a unit owner to the condominium juristic person.

The share of a condominium's common property attached to each unit and used for certain costs and voting rights.

Parts of a condominium owned collectively by all unit owners, such as corridors, lifts, land and shared facilities.

Registered rules governing how a condominium and its common property are managed.

A group chosen by condominium owners to oversee management and important decisions for the building.

Insurance arranged for the condominium building or common property.

The registered legal body that manages a condominium's common areas, finances, rules and services.

The registered person responsible for carrying out the condominium juristic person's management duties.

The Department of Lands process that legally creates a condominium and its registrable units and common property.

The registered rules covering how a condominium is used and managed.

A document from the condominium management confirming whether a unit owes common-area fees. It is normally needed when the unit is transferred.

A co-owner meeting called outside the annual cycle to decide particular condominium matters.

A formal meeting where condominium owners vote on budgets, management and other building matters.

Annual rent divided by the property's purchase price or another stated value, before expenses are deducted.

A promise by a developer or operator to pay a stated rental return for a fixed period.

A personal right to live in another person's building without owning it.

An upfront payment made to obtain or take over a lease, separate from regular rent.

A contractual right or promise concerning a new lease after the current lease ends.

Money held to secure a tenant's performance and possible damage or unpaid obligations.

The ending of a lease by expiry, agreement, notice, breach or another legal ground.

The right to use a property for a fixed period under a lease, without owning it.

The person or entity receiving the right to use property under a lease.

The person or entity granting the right to use property under a lease.

The minimum participation required for a condominium meeting or vote to proceed validly.

Annual rent after stated operating expenses, divided by the purchase price or another stated property value.

The legal or regulated basis on which a condominium owner may use a parking space.

The unit and other areas legally owned by an individual co-owner rather than held as common property.

A vote cast by an authorised person on behalf of a condominium co-owner.

A lease recorded at the Land Office in the property's official records.

The official floor area recorded for a condominium unit and used in its ownership documents.

A lease term setting when and how rent increases during the lease period.

Rent paid before the period it covers, separate from a refundable security deposit.

Money received from letting a property to a tenant or short-stay guest.

A signed record of furniture, appliances, keys and condition at the start of a tenancy.

A contract giving a tenant the right to occupy a home for rent under stated terms.

A contractual right to accept or match a proposed sale before the owner sells to someone else.

Accommodation let for short stays, potentially engaging hotel, building, condominium and local rules rather than ordinary long-term tenancy treatment.

Money set aside by a condominium for major repairs and replacement of common facilities.

An extra charge to condominium owners for major costs not covered by regular fees or reserves.

A lease granted by a tenant to another occupant while the original lease remains in place.

A registered right to own a building or structure on land owned by someone else.

Checks of a prospective tenant's identity, affordability and rental suitability before a lease is accepted.

A lease that has not been recorded at the Land Office.

A registered right to use another person's property and receive benefits from it, such as rent or crops, without owning it.