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| Word |
Description |
| Debt Management Plan |
A Debt Management Plan is a process whereby a debt advisor will negotiate reduced repayment arrangements with unsecured creditors in order to ensure that a persons priority creditors are paid in full. Priority creditors include rental payments, mortgage payments rent or mortgage arrears. |
| Managing Agent |
A managing agent is an organisation or person that is employed by a landlord to take over property management responsibilities on the landlords behalf. Managing agents typically charge percentage based fees for there services. |
| Personal Account Manager |
Each client of the Rent Management Service has their own personal account manager. The role of the personal account manager is to manage the rent collection requirements on behalf of our client and to liaise with our clients tenants on their behalf. |
| Property Management |
Property management is a generic term used to describe the role that property managers are employed to undertake on behalf of landlords. As the name suggests property management relates to the administrative management tasks performed by property managers. |
| Property Manager |
A property manager or managing agent is a company or individual that is hired by landlords to manage properties owned by the landlord on their behalf. |
| Residential Landlord |
A residential landlord is an individual or organisation that owns residential properties that are let to tenants on a rental income basis. |
