Real Estate

Match the following terms with the appropriate definitions.

Variable expense Rent roll

Leverage Management agreement

Appreciation Fixed expense

Management plan Cash flow

Rental schedule Return

1. List of rates assigned to different units or spaces in property
2. The profit generated by an investment
3. Establishes agency relationship between owner and property manager
4. Increase in value due to the economy or outside factors
5. Strategies to achieve owners investment goals
6. Use of borrowed funds to purchase assets
7. Cost that varies, such as utilities, maintenance, or repairs
8. Difference between revenues and expenses
9. Report on rents received and uncollected
10. Predictable cost, such as property taxes, insurance premiums, or salaries