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Rental agreement. A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [ 1] As a minimum, the agreement identifies the parties, the property, the term of the ...
Multiple listing service. A multiple listing service ( MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given time. As a lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and after ...
Business administration. Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.
Public–private partnerships ( PPP or P3) are cooperative arrangements between two or more public and private sectors, typically of a long-term nature. [ 1] In the United States, they mostly took the form of toll roads concessions, community post offices and urban renewal projects. [ 2] In recent years, there has been interest in expanding P3s ...
From May 2009 until December 2011, trains were operated under a lease to the East Broad Top Railroad Preservation Association, a non-profit founded with the intention of acquiring the railroad and reactivating all 33 miles (53 km) of the railroad's original main line (only 5 miles (8.0 km) operated for tourist operations). The EBTPA made a ...
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