Glossary

24/7 Support

Providing guests with access to customer support and assistance around the clock, ensuring any issues or emergencies can be addressed promptly at any time of day or night.

5-star hotel

A 5-star hotel is a luxurious accommodation offering exceptional service, top-notch amenities, elegant decor, and personalized experiences for guests.

7-Star Hotel

A 7-star hotel refers to an ultra-luxurious hotel that exceeds typical 5-star standards, offering exceptional service, opulence, and unique, exclusive experiences.

A Central Reservations System (CRS)

A Central Reservations System (CRS) for hotels is a digital platform that manages and processes booking information, allowing guests to make reservations easily.

Accessibility Compliance

Adhering to regulations, such as the Americans with Disabilities Act (ADA), that mandate certain accessibility features for guests with disabilities.

Accessible Tourism

Accessible tourism is a conscious effort to provide an all-inclusive travel experience. It essentially means that tourist destinations, services, stays, and products are accessible to all people regardless of their physical or intellectual limitations, disabilities and/or age.

Accommodation

Accommodation in a hotel refers to the lodging services provided, including rooms, amenities, and facilities, designed to offer comfort and convenience to guests

Accounting Software

Accounting Software helps track income and expenses. Using accounting software simplifies tax reporting and tracking profits.

Active Dates

Active dates indicate how many days the listing was open to reservations. For example, some host might block off their winter calendar for 3 months and not take bookings during that time. Or it could be a new listing that only started 9 months back. In such cases, we'd report 270 days as active days in the last year.

Active Listing

A listing that is live on Airbnb or VRBO (or it was during the last 15 days).

Adjacent factor

The Adjacent Factor customization will adjust the rate for the selected number of days before and after a booking.

Administration Costs

Administration costs in a hotela refer to expenses related to managing operations, including salaries for managerial staff, office supplies, and general overheads.

ADR or Average Daily Rate

ADR, or Average Daily Rate, in hotels refers to the average revenue earned per occupied room over a specific period, reflecting revenue strategies.

Airbnb Plus

Airbnb plus is a program by Airbnb that incentivises hosts for their exceptional guest experience. These properties receive benefits such as higher visibility, improved reputation, and added services. It is a selection of the highest quality homes with hosts known for great reviews and attention to detail. Every home is verified through in-person quality inspection to ensure quality and design.

Airbnb Superhost

Airbnb superhost is a host who prioritizes guest experiences and ensures that every one has a great stay in their Airbnb. Airbnb evaluates hosts quarterly and will automatically adjust your status if you meet their qualifications. You can get up to 22% more bookings by becoming a Airbnb superhost. Read more

All Inclusive Hotel

An all-inclusive hotel offers guests a package where meals, drinks, activities, and sometimes entertainment are included in one price, eliminating extra costs during the stay.

Alternative Accommodation

Alternative accommodation refers to lodging options beyond traditional hotels or resorts. These alternatives often cater to travelers seeking unique experiences, more space, or a home-like environment. The top websites for booking alternative accommodation are Airbnb, Vrbo (formerly known as HomeAway), and Booking.com.

Amenity Fee

An amenity fee, also known as a resort fee or facility fee, is an additional charge that hotels, resorts, or vacation rentals may impose on guests. This fee is separate from the advertised room rate and is intended to cover access to certain amenities or services. Common amenities covered by an amenity fee include Wi-Fi, pool access, fitness center usage, and sometimes even local shuttle services. It's important for travelers to check for these fees when booking accommodation, as they can significantly impact the total cost of a stay.

Apartment Hotel or Aparthotel

An apartment-hotel, or aparthotel, is a building offering apartments with hotel-like services. Guests get self-contained units with kitchens plus amenities like cleaning.

API (Application Programming Interface)

An API (Application Programming Interface) is a set of protocols and tools that allows different software applications to communicate and share data with each other. It enables developers to integrate different systems and services, allowing for seamless data exchange and automation of processes.

ARR or Average Room Rate

ARR, or Average Room Rate, is the average income earned per room in a hotel over a specific period. It's calculated by dividing total room revenue by rooms sold.

Automation Tools

Automation tools are software and technology that can automate various tasks and processes in a vacation rental business, such as pricing, messaging, or scheduling.

Average Booking Value

Average Booking Value is the average revenue per booking. Example: If 10 bookings generate $10,000, the average booking value is $1,000.

Average Booking Window

Average Booking Window is the average number of days between the day of reservation and check-in.

Average Daily Rate (ADR)

The Average Daily Rate (ADR) indicates the average revenue earned per rented night. It's calculated by dividing total income by the number of booked nights. Example: If a property earns $1,500 over 10 booked nights, its ADR is $150.

Average Length Of Stay

Average Length Of Stay is the average number of nights the average guest has booked in the property. It is calculated by dividing the total number of nights the vacation rental is booked by the total number of reservations. This is a vital metric to track because an increase in short-term stays can increase maintenance and operation costs in your vacation rental property.

Average Length of Stay (ALOS)

Average Length of Stay (ALOS) in a hotel refers to the average number of nights guests stay during their visit. It's calculated by dividing total room nights by the number of reservations.

Base Price

The minimum per night price for a vacation rental property.

Beach Resort

A beach resort is a hotel or resort located by the sea, offering guests access to the beach, often with amenities like swimming pools, dining, and recreational activities.

Bed and Breakfast

A bed-and-breakfast is a small lodging offering overnight stays and breakfast, usually in a cozy, home-like setting. They often provide personal touches and warm hospitality.

Bedroom category

By default, listings in the Market Dashboard are grouped by the number of bedrooms they advertise on Airbnb. In addition, a "Room" category groups all listings with 0 or 1 bedroom advertising as a shared, private, or hotel room.

Best Available Rate (BAR)

Best Available Rate (BAR) in hotels refers to the lowest price offered to guests for a room at any given time, without any discounts or special deals.

Blackout Dates

Blackout Dates are specific dates or periods when a vacation rental property is not available for booking. These dates are typically set by the property owner or manager and can be due to various reasons, such as personal use, maintenance, or high demand periods where the property is reserved for direct bookings at higher rates. Blackout dates are common in the hospitality and travel industries to manage availability and optimize revenue.

Booked dates

Booked dates are a time period where we consider the bookings that were received and whether the stay dates for those bookings have occurred yet or not.

Booking

Booking in a hotel means reserving a room in advance for a specific date and duration, either by phone, online, or in person, to ensure guest's stay is secured.

Booking Channel

A Booking Channel is the platform a guest uses to book, like Airbnb or the property's website. Example: A booking made through Vrbo is from a different channel than one made directly.

Booking Confirmation

Booking Confirmation is the document sent to guests once a booking is confirmed. Example: Guests receive an email with their stay details after booking.

Booking Curve

Booking curve is a tool that visually represents the number of reservations booked over a certain period of time. You can use this to analyze your booking trends, such as when people book reservations on your property.

Booking Engine

The software or platform used to manage vacation rental bookings and availability.

Booking Fees

Fees charged by online travel agencies or property management companies for handling reservations.

Booking Lead Time

Booking Lead Time measures the days between when a guest books a rental and their check-in date.

Booking Pace

Booking Pace is a metric used in the vacation rental and hospitality industries to measure the rate at which reservations are made over a specific period. It helps property managers and owners understand how quickly their properties are being booked and predict future occupancy rates and revenue. Monitoring booking pace allows for better forecasting, pricing strategies, and marketing efforts.

Booking Window

The Booking Window refers to the number of days between when a guest books a stay and their arrival date.

Boutique Hotel

A boutique hotel is a small, stylish hotel that offers unique, personalized experiences. It's often distinct in design, with a cozy atmosphere and attentive service.

Break-Even Point

The Break-Even Point is when revenue equals costs, with no profit or loss. Example: A rental reaches break-even when earnings cover its operating costs.

BRG or Best Rate Guarantee

BRG, or Best Rate Guarantee, in hotels means they promise you the lowest price for a room. If you find a cheaper rate elsewhere, they'll match it or beat it.

Budget Hotel

A budget hotel is a type of accommodation that offers basic amenities and services at an affordable price, perfect for travelers looking to save money.

Budgeting

The process of creating a plan to allocate future income and expenses for a vacation rental business.

Cancellation Fee

Fees that guests have to pay if they cancel after the cancellation deadline has expired. These can be a flat amount withheld from the refund. They can also be a full forfeiture of the deposit paid. Deposits are often a percentage of the total cost, for example, 30% or 50%. These are usually non-refundable. In the US, it is always included in the rental agreement or contract.

Cancellation Policy

The Cancellation Policy defines the terms for how a guest can cancel a reservation and any refund conditions. Policies can be strict, moderate, or flexible. Example: A moderate policy allows free cancellation up to 5 days before arrival.

Cancellation Rate

It is the percentage of reservations that have been canceled during a specified period of time.

Capsule Hotel

A capsule hotel is a type of affordable lodging with compact, individual sleeping spaces, like small pods, designed for guests seeking a simple place to rest.

Cash Flow

Cash Flow is the movement of money in and out of a business. Positive cash flow ensures funds are available for expenses.

Chain Hotel

A chain hotel is a hotel that's part of a larger group or brand, offering consistent service and amenities across various locations, ensuring familiarity for guests.

Changeover Days

Specific days of the week that vacation rental managers dedicate for bookings to begin and end. It essentially is the check-in and check-out date.

Channel Distribution

Channel Distribution lists and manages a rental's availability across multiple booking platforms. Example: Syncing calendars on Airbnb, Vrbo, and Booking.com for accurate availability.

Channel Fee

Fees that agencies, channels, or websites charge owners or vacation rental managers for booking through them. In the case of Airbnb, it is charged to the guests as a service fee in addition to a percent commission to the owner or property manager.

Channel Manager

A channel manager is a software tool that allows you to sell rooms on several connected booking sites (channels) simultaneously. The software will automatically update your availability across sites when a booking is made. Essentially, it is the technological equivalent of having a 24/7 global sales and reservations department.

Channels

Channels are places where people list their property and guests can book slots there. Example: Tripadvisor, Booking.com, etc. You can list your property, book slots for guests, and automatically send bookings to the property management system or channel manager through channels.

Check-In Date

The date when a vacation rental guest is scheduled to arrive at the property.

Check-Out Date

The date when a vacation rental guest is scheduled to depart the property.

Children Policy

A children-policy in a hotel outlines rules for kids staying there. It covers age limits, extra charges, amenities for children, and sometimes activities available for them.

Cleaning Fee

A Cleaning Fee is an additional charge to cover the cost of cleaning the rental after each stay. Example: A $50 cleaning fee may be added to a booking to ensure the property is ready for the next guest.

Comp Set

A 'Comp set' or competitive set is a list of other competing properties within a specific market that potential customers compare against your listing when booking a property. It is a group that you put together when creating your competitive study based on relevant, specific selection criteria compared to your property.

Competitor Pricing

Competitor Pricing adjusts rates based on what similar properties are charging nearby. Example: A host checks other beachfront listings and prices competitively.

Complaint Resolution

The process of addressing and resolving any issues or complaints raised by guests during their stay.

Complimentary

Complimentary in a hotel means services or items provided for free. This could be breakfast, Wi-Fi, toiletries, or other amenities included at no extra charge.

Compset or Competitive set

A 'compset' or 'competitive set' in the hotel industry refers to a group of hotels that are considered direct competitors. These hotels are compared for pricing and performance.

Concierge Service

Offering personalized assistance and advice to guests, often through a dedicated concierge staff or third-party service, to help with activities, dining reservations, transportation, and other needs during their stay.

Conference Convention Hotel

A conference-convention-hotel is a large hotel designed to host conferences and conventions, offering extensive meeting spaces, accommodations, dining, and event services.

Consortia

In hotels, 'consortia' refers to a group of independent hotels that join together to gain collective marketing, sales benefits, and better competitive edge.

Continental Breakfast

A continental breakfast in a hotel is a light morning meal typically featuring pastries, bread, cereal, fruit, juice, and coffee or tea, often served buffet-style.

Cost of Goods Sold (COGS)

The direct costs associated with providing a product or service, such as the cost of cleaning supplies for a vacation rental.

Cost-Per-Occupied-Room (CPOR)

Cost-Per-Occupied-Room (CPOR) in a hotel refers to the average cost incurred to maintain and service each occupied room. It's calculated by dividing total costs by the number of occupied rooms.

Country House Hotel

A country-house-hotel is a cozy, charming hotel located in a rural area, often in a historic building, offering a peaceful retreat with beautiful natural surroundings.

Cross-Selling

Cross-Selling is promoting related services to increase revenue. Example: Suggesting local tours or attractions to guests.

CTA or Closed to Arrival

CTA, or Closed to Arrival, is a hotel booking restriction where guests can't check in on specific dates. It helps manage room availability during high-demand periods.

Custom Seasonal Factor

You can use this customization to use seasonal base prices instead of PriceLabs market-based seasonality.

Custom Seasonal Profile

Custom Seasonal Profiles let you set different minimum, base, and maximum prices for different seasons throughout the year, giving you full control over each listing’s seasonality.

Customer Support

The assistance and services provided by a vacation rental business to help guests with inquiries, problems, or needs before, during, and after their stay.

Damage Deposit

Also known as a security deposit, this is a refundable amount which a vacation rentals owner collects from their guests. This is a guarantee that guests will return the vacation rentals in the same condition. If there are any damages to the property, the host can make deductions from the damage deposit.

Dashboard

A user interface that provides an overview of key metrics and data related to a vacation rental business, often displayed visually.

Data-specific overrides

If you want to make specific exceptions and adjustments to specific days in your calendar, you can use this feature - date-specific overrides. This will enable different pricing for specific dates without altering your pricing for the entire calendar.

Day of the week trends

You might be in a locality where each day of the week might behave differently. You can use this customization to treat each day of the week differently.

Day-of-Week Pricing

Day-of-Week Pricing sets different rates for different days of the week. Example: A cabin costs $150 per night on weekends but $100 per night on weekdays.

Define your own weekend

With this customization, you can define the days of your weekend if you are in a market where the weekend differs from the rest of the world. Or the demand for weekend bookings might be different in your locality than in the rest of the world. You can use this feature to define the weekend how you want.

Demand factor

The algorithm picks up the demand for the listing by incorporating day-of-week trends, events, and holidays into the demand forecasting process. The algorithm also picks up the booking trends in the market to forecast a high/low demand.

Demand factor aggressiveness

With this customization, you can choose the aggressiveness with which our demand factor should impact price recommendations. The Demand factor aggressiveness percentage increases or decreases depending on the market and dates, but it changes approximately by 50%.

Demand Forecasting

Demand Forecasting predicts future rental demand by analyzing market trends and historical data. Example: Analyzing holiday data to forecast peak season demand next year.

Demand Generators

Demand generators for hotels are activities, events, or attractions that draw people to a location, increasing the need for hotel accommodations in that area.

Depth Of Inventory

It is the number of similar vacation rentals that are available in the specified area.

Direct Booking

Direct Booking is when guests book directly through the owner or manager, avoiding third-party fees. Example: A guest books through the rental’s website instead of a listing site.

Distribution Channel

A Distribution Channel is any platform where rentals are marketed and booked, like Airbnb or a property’s website. Example: Listing on multiple sites to reach a wider audience.

Dynamic Pricing

Dynamic Pricing means adjusting rental rates based on demand, season, or other factors. Example: Prices increase during a local festival but decrease during quieter periods to attract more bookings.

Environmental Regulations

Rules and guidelines around waste disposal, energy efficiency, water conservation, and other environmental impacts that vacation rentals must follow.

Event-Based Pricing

Event-Based Pricing raises rates during special events, festivals, or holidays to capture high demand. Example: Rates double during a local concert festival as demand surge

Eviction Process

The legal procedures and requirements for removing guests from a vacation rental property in the event of violations or non-payment.

Extra-fee

You might have a base number of guests; if the number of guests exceeds that number, the property manager/owner charges an extra fee for each person over the limit.

Far-Out Pricing

Far-Out Pricing is for advance bookings, often priced higher due to early demand. Example: Guests booking six months ahead may pay more than those booking a month out.

Feedback Loop

A continuous cycle of collecting guest feedback, analyzing it, and using those insights to improve the vacation rental business and guest experience.

Financial Statement

A report that summarizes a company's financial performance and position, such as an income statement or balance sheet.

Fire Safety

Fire safety in a hotel refers to the measures and procedures in place to prevent and respond to fires, ensuring the safety of guests and staff.

Fixed Rate Price

A fixed rate is a pricing structure where the price remains constant regardless of the occupancy level. Example: A $100 per night rate for a room.

Flexible Rate

A flexible rate is a pricing structure where the price can be adjusted based on the occupancy level. Example: A $100 per night rate for a room, but the price can be adjusted based on the occupancy level.

Forecasted Occupancy

Forecasted Occupancy is the predicted number of guests expected to stay at a property during a specific period. It helps property managers and owners anticipate demand and adjust their operations accordingly.

Forecasted Revenue

Forecasted Revenue is the predicted amount of income a property is expected to generate during a specific period. It helps property managers and owners plan their operations and allocate resources effectively.

Forecasting

Using historical data and market trends to predict future performance, such as occupancy rates or revenue.

Four Star Hotel

A four-star hotel offers high-quality accommodations with numerous amenities like a restaurant, gym, and room service, providing comfort and excellent service.

Future Price

The Future Prices graph details how property managers price their properties for future dates.

Gross Booking Revenue

The total revenue that a vacation rental earns from bookings including taxes and fees.

Gross Operating Profit (GOP)

Gross Operating Profit (GOP) in a hotel is the money left after subtracting operating expenses, like wages and utilities, from the total revenue earned.

Gross Operating Profit Per Available Room

Gross Operating Profit Per Available Room measures a hotel's financial performance by evaluating profit after operating expenses per room.

Gross Operating Profit Per Available Room (GOPPAR)

A metric that measures the profitability of a vacation rental property.

Gross Revenue

Gross revenue in a hotel is the total money earned from all sources, like room bookings, food sales, and services, before any expenses or taxes are deducted.

Gross Revenue Per Available Room (GRPAR)

A metric that measures the profitability of a vacation rental property.

GDPR Compliance

GDPR Compliance refers to adhering to the General Data Protection Regulation (GDPR), a comprehensive data privacy law enacted by the European Union (EU) in 2018. The GDPR sets strict rules and guidelines for how companies must handle and protect the personal data of EU citizens, regardless of where the business is located. This regulation applies to vacation rental companies that operate within the EU or process the personal data of EU residents.

Group Customization

This is a useful feature if you have a large portfolio. You can assign each listing of similar settings to a group. This will help you make changes to customizations in one session altogether. Read more here.

Guest Agreement

A contract that specifies the terms and conditions of a guest's stay, including policies around check-in/out, house rules, payment, cancellations, and any penalties or fees.

Guest Amenities

The complimentary items, facilities, or services provided to guests staying at a vacation rental property to enhance their comfort and convenience, such as toiletries, linens, kitchen supplies, pool/gym access, etc.

Guest Experience

The overall perception and feelings that guests have throughout their entire interaction with a vacation rental business, from booking to check-out.

Guest Profile

The information collected about a vacation rental guest, including their personal details and booking history.

Guest Relations

The policies, practices, and personnel dedicated to fostering positive interactions with guests, managing their needs and concerns, and ensuring a high-quality experience.

Guest Satisfaction

The level of contentment and positive experience that guests have during their stay at a vacation rental property.

Guest Turnover

Guest Turnover refers to the frequency of guest check-ins and check-outs, often tied to cleaning needs and booking patterns. Example: If guests usually stay only 2 nights, the property has high guest turnover.

Health and Safety Regulations

Local, state, or federal laws and codes pertaining to the safe operation of vacation rentals, such as fire safety, sanitation, occupancy limits, and accessibility requirements.

High Season

High Season is the busiest time of year for rentals, often with higher prices due to demand. Example: A beach rental may see its high season in summer when rates increase to match high demand.

Historic trends

We analyze your listings and the market’s past (historical) data to recommend prices for your listing.

Hotel data

If you are curious about how hotels in your area? Then this feature will be helpful. We display the nightly rates of up to 10 nearby hotels in the Neighborhood Data dashboard.

Housekeeping

Housekeeping involves cleaning and maintenance between guest stays. Example: A cleaning crew tidies up and restocks essentials for the next guest.

In-House Services

Services offered directly by the vacation rental company or on-site staff, such as private chefs, massage therapists, equipment rentals, or activity bookings.

Independent Hotel

An independent hotel is a lodging facility not part of a larger chain. It operates on its own, offering unique experiences and personalized services to guests.

Inquiry To Booking Conversion Rate

It is calculated by multiplying the number of inquiries received into the total number of bookings for the property.

Instant Booking

The ability for guests to book a vacation rental immediately without needing approval from the owner.

Insurance

Obtaining appropriate insurance policies, such as property, liability, and vacation rental-specific coverage, to protect against potential risks and liabilities.

Keyless Entry

A system that allows guests to access a vacation rental property without the need for a physical key, such as through a keypad or smartphone app.

Last Room Availability (LRA)

Last room availability (LRA) in hotels means that even if there’s only one room left, it must be sold at the contracted rate, ensuring fairness for clients.

Last Synced

This gives an indication of when the listing has been last updated. New listings will show as ‘not synced.’ Read more on that here.

Last-Minute Pricing

Last-Minute Pricing discounts rates closer to the check-in date to fill vacancies. Example: A property listed at a 20% discount for next-day bookings.

Length of Stay (LOS)

Length of stay (LOS) measures how long guests stay at a rental, counted in nights. Example: If a guest books from Friday to Monday, the length of stay is 3 nights.

Length of Stay and Booking Window Trends

In the length of stay and booking window trends graph, you can see how many nights get booked from reservations with different booking windows and stay lengths.

Liability Waiver

A legal document that releases the vacation rental owner or company from liability in the event of injury, damage, or loss during a guest's stay.

Licensing

The legal requirements, permits, and regulations that vacation rental owners or companies must comply with to lawfully operate their business in a particular location, such as tax registration, safety inspections, or zoning restrictions.

Lifestyle Hotel

A lifestyle hotel is a stylish, unique hotel that focuses on personalized experiences and trendy design. It aims to reflect the local culture and offer a social atmosphere.

Limited Service Hotel

A limited-service hotel offers basic accommodations without extra amenities like restaurants or room service, focusing on providing comfortable and affordable stays.

Linen Service

The provision and laundering of bedding, towels, and other linens for vacation rental properties.

Listing

A vacation rental that is open for bookings. For example, if you are renting multiple rooms within one apartment, then each room that you have made available for booking is a listing.

Listing Health

Listing health indicates your property’s performance against your property and the market in any specified period. You can set any period of time that you want to analyze. For example, if your property has been booked for 15 out of 30 days, your listing occupancy would be 50%. You can compare this with that of the market (average market listing health) and understand how close to or far from the market occupancy your listing is.

Listing level metrics

The listing insights scatter plot is a great way to quickly identify how each listing in your portfolio is doing. The default view shows the next 30 days' occupancy on the y-axis and days since a listing last got booked on the x-axis (both x- and y-axes are configurable if you want to look at some other metrics)

Listing Name

Your Listing name is imported from channels /OTAs, this can not be changed on PriceLabs. However, you can use tags to nickname your listing to easily identify them. With the name, the channel/PMS and the account the listing belongs to is mentioned. This hyperlink will take you to the listing page or calendar in your PMS or channel listing page.

Local Ordinances

Municipal laws and codes specific to a particular city or town that govern various aspects of operating vacation rentals within that jurisdiction.

Loyalty Program

A program designed to encourage repeat business and foster guest loyalty by offering rewards, discounts, or other incentives.

Luxury Hotel

A luxury hotel is a high-end accommodation offering exceptional comfort, elegant decor, top-notch services, and premium amenities to provide guests with a lavish experience.

Market Demand

Market Demand is the level of interest in bookings for a specific area and period. Example: Demand rises in beach towns during summer as travelers seek vacation rentals.

Market percentile calculator

In PriceLabs, percentiles are used frequently to understand how a property is priced relative to the market. It is a way of expressing where an observation falls in a range of other observations.

Market Rate

Market Rate is the average rental price for comparable properties in the same market. Example: Checking nearby rental prices to set a competitive rate.

Market-led pricing

Market-led pricing in hotels means setting room rates based on what similar hotels in the area charge, ensuring competitive prices that attract guests while maximizing revenue.

Maximum Price

The highest price a vacation rental owner can charge for a booking, usually during peak seasons or high-demand periods.

Minimum Price

The lowest price a vacation rental owner is willing to accept for a booking. This is the base rate that cannot be discounted further.

Monthly discounts

You can use this customization to add monthly percentage discounts for your listings.

Motel

A motel is a simple, budget-friendly place to stay, usually located near roads. It offers basic rooms and parking, making it convenient for travelers on the go.

Multilingual Support

Offering customer service and guest communications in multiple languages to accommodate international travelers and ensure clear understanding.

Neighborhood and profile data source

With this customization, you can select the source for Neighborhood Data.

Neighborhood data

Neighborhood data compares your listing's prices & occupancy with other properties around this listing.

Net Operating Income (NOI)

The total revenue generated by a vacation rental property minus its operating expenses.

Net Revenue

The total amount of money received from guests before any expenses are deducted.

Nightly Price Or Daily Rate

Price per night advertised to the consumer by the vacation rental manager or the channel.

Net Operating Profit (NOP)

In simple terms, Net Operating Profit (NOP) in a hotel is the money left after covering all operating expenses, before deducting taxes and interest. It's a key measure of profitability.

Nightly Price Or Daily Rate

Price per night advertised to the consumer by the vacation rental manager or the channel. It essentially is the price that your potential customers pay to stay in your vacation rental. This is always rent-only or could also include external fees depending on the channel.

No-Show

A No-Show occurs when a guest doesn’t arrive as scheduled. No-shows often incur fees or partial refunds depending on the policy.

Noise Ordinance

Local laws that restrict excessive noise levels, often pertaining to vacation rentals, to prevent disruptions to surrounding residents.

Occupancy

We estimate the occupancy of each listing after applying our block-removal logic (see 'block removal' below). Read more here.

Occupancy Forecast

It is the occupancy that a vacation rental is expected to book within a specific period of time.

Occupancy Rate

The Occupancy Rate shows the percentage of available rental days that are booked within a certain time period. It's calculated by dividing booked days by total available days. Example: If a rental is booked for 20 days out of a 30-day month, its occupancy rate is 67%.

Occupancy Tax

Occupancy Tax A tax levied on guests by local governments for staying in a rental property.

Occupancy-based adjustments

Occupancy-based adjustment looks at your listings' horizontal occupancy and adjusts your rates accordingly. This factor helps us to consider your property's performance and not just the market when recommending prices. Read more here.

Occupancy-Based Pricing

Occupancy-Based Pricing adjusts rates based on current and forecasted occupancy levels. Example: If a property is booked at 90% for a month, rates increase for the remaining dates.

Off-Peak Season

Off-Peak Season is the quieter period when fewer people book rentals. Prices often drop to attract more guests. Example: A mountain cabin may offer lower rates in spring, the off-peak season.

One Star Hotel

A one-star hotel is a basic, budget-friendly accommodation offering minimal amenities, such as a bed, bathroom, and limited services, suitable for short stays.

Online Reviews

Feedback and ratings left by previous guests on platforms like Airbnb, Vrbo, or Google, which serve as valuable social proof and influence booking decisions for potential new guests.

Online Travel Agencies (OTA)

OTAs are places where people can book hotels, short term rentals, cars, and tours. You can list your service, book slots for guests, and automatically send bookings to the property management system or channel manager through channels.

Operating Expenses

Operating Expenses are the costs to maintain and manage a rental. Example: Cleaning fees, utilities, and supplies are typical operating expenses.

Pacing

With Pacing, you can look at your listed rates and occupancy for future dates and overlay it with the same data from a Market Dashboard to easily identify where your prices stand against the market and how your occupancy relates to the market.

Package Rate

A package rate in a hotel is a special price that includes the room and additional services or amenities, like meals or activities, all for one combined cost.

Parent and child listings

These are mapped listings. Parent listing is the main listing in which you can make all changes. These changes will be reflected in the child listing.

Payment Gateway

A Payment Gateway processes secure online payments. Example: Using a payment gateway allows secure credit card transactions.

Percentile

The percentage of listings that fall at or below the given value. For example, if the 25th percentile price is $144, that means 25% of listings have a price equal to or lower than $144.

Personalization

Tailoring the guest experience to individual preferences and needs, such as pre-stocking preferred snacks or beverages, providing customized local recommendations, or adjusting smart home settings based on guest profiles.

Pest Control

The management of insects, rodents, or other pests that may affect vacation rental properties.

Pick Up

Pick-up is a rate at which reservations increase over time, helping hotels forecast demand and adjust pricing strategies effectively.

Portfolio occupancy-based adjustments

Portfolio occupancy-based adjustment looks at your portfolio’s horizontal occupancy and adjusts your rates accordingly. This factor helps us to consider your portfolio’s performance and not just the market when recommending prices. Read more here.

Preparation Time Before Arrival (PTBA)

It is the minimum number of days required to prepare the vacation rentals for the booking.

Price Adjustment

Price Adjustment refers to changing the daily rates in response to demand, seasonality, or competition. Example: Adjusting rates higher in peak summer and lower in off-peak spring.

Pricing Algorithm

Pricing calender

The pricing calendar shows recommended prices for each available night in the future.

Pricing offset

Pricing offsets for mapped listings

If you want Airbnb prices to be higher than Vrbo prices, this can be done by going to the Airbnb account level customizations and editing this. Here, you can enter the desired offset value.

Pricing Strategy

Pricing Strategy is the overall approach to setting and adjusting rental prices to attract bookings and maximize revenue. Example: Offering weekend discounts to boost bookings.

Privacy Policy

The document that explains how a vacation rental company collects, uses, shares, and protects guests' personal information and data.

Profit Margin

Profit Margin is the percentage of revenue kept as profit after expenses. Example: With $4,000 profit from $10,000 revenue, the margin is 40%.

Property Inspection

Property Inspection checks a rental’s condition before and after stays. Example: Inspecting for damages or missing items after each guest.

Property Management System (PMS)

Rack Rate

The rack rate in a hotel is the standard price for a room before any discounts or special deals are applied. It's the highest rate a hotel charges for a room.

Rate Parity

Rate Parity means keeping rental prices the same across all booking platforms. Example: Listing a property at $150 per night on both Airbnb and Vrbo.

Rate Shopping

Rate Shopping is tracking competitor prices to set competitive rates for your rental. Example: Checking similar rentals in the area and adjusting rates accordingly.

Refund Policy

Request to Book

The process where a guest submits a booking request that requires the owner's approval.

Reservation Fee

A reservation fee in a hotel is a small amount of money paid in advance to secure a room booking. It ensures the guest’s spot and is often deducted from the total bill.

Reservation ID

A Reservation ID is a unique booking code assigned to each reservation. Use case could be that a guest provides their reservation ID for easy check-in.

Reservation Management

Reservation Management is the process of tracking, adjusting, and confirming bookings and cancellations. Example: A property manager uses reservation management tools to avoid double bookings.

Resort Hotel

A resort hotel is a place offering both accommodation and various leisure activities or amenities, like pools or spas, designed for vacationers seeking relaxation and fun.

Return On Investment (ROI)

It is used to evaluate the efficiency of an investment by dividing the profit from the vacation rentals by the cost of the property.

Revenue Management

Revenue Management is the strategic approach to pricing and selling vacation rentals to optimize revenue and profitability.

Revenue Optimization

Revenue Optimization is the process of adjusting prices and availability to maximize income. Example: Offering early bird discounts to fill dates in advance.

Revenue Stream

A Revenue Stream is any income source for the rental. Example: Rent, cleaning fees, and upsells are all revenue streams.

Review prices

Review prices dashboard will show a snapshot of your individual listing’s performance. You can look at your listing’s customizations, pricing calendar, and neighborhood data.

Revenue per Available Night (RevPAN)

Revenue per Available Night (RevPAN) calculates your total revenue and divides it by the total number of nights when the listing was available for booking.

RevPAR or Revenue Per Available Room

RevPAR, or Revenue Per Available Room, measures a hotel's ability to fill rooms at an average rate. It’s calculated by dividing total room revenue by the number of available rooms.

Room Block

A room block in a hotel is a set of rooms reserved for a group or event, offering a discounted rate. It's useful for weddings, conferences, or large gatherings.

Room inventory

Room inventory in a hotel refers to the total number of rooms available for guests. It includes details like room types, features, and current availability status.

Room Type

A room-type in a hotel refers to the category of accommodations offered, such as single, double, suite, or deluxe, each with specific features and amenities.

Rural Hotel

A rural hotel is a lodging located in the countryside, offering guests a peaceful, nature-filled environment away from the hustle of city life, often with local charm.

Scraped data

Data that comes from publicly viewable websites and pages. For listings, some examples of data we scrape are future prices, future available dates, and listing info such as the number of bedrooms and amenities included.

Seasonal Demand

Seasonal Demand refers to the fluctuations in rental bookings throughout the year.

Seasonal Hotel

A seasonal hotel is a type of accommodation that operates only during specific times of the year, usually aligning with peak travel seasons or favorable weather conditions.

Seasonal Pricing

Adjusting rental rates based on the high, shoulder, and low seasons to match changes in market demand.

Seasonal trends

Seasonal trends refer to the pattern of demand and pricing changes that occur over different seasons and events.

Seasonality graph

We apply seasonal factors estimated from historic rentals and hotels in the area. Note that the seasonality is for a broad region. You can customize this by applying custom seasonal base prices.

Security Deposit

A Security Deposit is a refundable fee that covers potential damages or extra cleaning costs. Example: Guests pay a $200 deposit, refunded if no damage occurs.

Security Deposit Laws

Regulations around collecting, holding, and refunding security deposits for vacation rentals, including allowable deductions and timely returns.

Service Recovery

The actions taken by a vacation rental business to resolve a service failure, regain guest satisfaction, and prevent future occurrences of the same issue.

Short-Term Rental (STR)

A Short-Term Rental, or STR, is a property rented out for brief stays, generally under 30 days. STRs include homes, apartments, condos, or other lodging types, often booked for vacations or temporary housing. Example: An apartment listed on Airbnb for weekend stays is an STR.

Shoulder Season

Shoulder season in hotels refers to the time between peak and off-peak seasons. It's when prices are moderate, crowds are smaller, and the weather is still pleasant.

Ski Resort

A ski resort is a place where people go to enjoy skiing or snowboarding, often featuring slopes, lifts, and accommodations. It's like a snowy playground for winter fun.

Smart Home Technology

Internet-connected devices and systems that allow remote control and monitoring of aspects of a vacation rental property, such as lighting, temperature, and security.

Spa hotels

Spa hotels are accommodations that offer luxurious facilities and treatments designed for relaxation and wellness, such as massages, saunas, and beauty therapies.

Special Requests

Any additional needs or preferences expressed by a vacation rental guest during the booking process.

Stay dates

Stay dates are a time period where we consider bookings where guests have stayed at the listing during the period. “Past 30 Stay Dates” can be read as “In the past 30 days for bookings where guests have stayed”.

Sync Prices

Sync prices toggle shows the current status of the property. Prices get updated every night if the switch is ON and green. If the switch is OFF and gray then we will not change prices.

Tags

You can use tags to find the listing with the search function easily. Examples could be anything from the listing’s location or nicknames. Nicknames in some management systems will be imported to PriceLabs. Read more here

Tax Compliance

Following applicable tax laws and regulations, such as collecting and remitting lodging taxes, sales taxes, and income taxes related to operating a vacation rental business.

Tenant Rights

Legal protections and entitlements afforded to vacation rental guests, such as privacy, security deposit refunds, and habitable living conditions.

Terms of Service

The legal agreement that outlines the rules, guidelines, and conditions that both the vacation rental provider and guests must abide by when using the service or platform.

Total Revenue Management (TRM)

TRM is a comprehensive approach that considers all revenue sources, not just room rates. Example: Factoring in parking fees, cleaning fees, and service charges.

Total Revenue Per Available Room

Total Revenue Per Available Room is a comprehensive metric capturing all hotel revenue streams, offering insights into overall financial performance.

Trends by booking creation date

These trends show trends based on the date a booking was made, overlaying it with various KPIs - RevPAR, Revenue, Average LOS, No. of Reservations, Average lead time, and Occupancy %.

Upselling

Upselling is offering extra services to guests to increase the booking value. Example: Providing an option to rent bikes for an additional fee.

Vacation Rental

A Vacation Rental is a home, apartment, or condo available for rent to travelers, typically for short stays focused on leisure or holiday purposes. Example: A beach house rented out weekly during summer is a vacation rental.

Virtual Tour

An interactive, 360-degree tour of a vacation rental property that allows potential guests to view the space online.

Waitlist

A Waitlist is a list of guests interested if a booking becomes available. Adding guests to a waitlist helps fills last-minute cancellations.

Weekly discounts

You can use this customization to add weekly percentage discounts for your listings.

Welcome Guide

A Welcome Guide is a document for guests with property info, local tips, and rules. Example: Including Wi-Fi info, check-out procedures, and nearby attractions.

Welcome Package

A collection of items, information, and instructions provided to guests upon arrival at a vacation rental, often including a personal note, local area guide, house rules, and small gifts or snacks.

Yield Management

The practice of adjusting rental rates in response to market demand to maximize revenue.

Zoning Regulations

Local laws and ordinances that dictate where and how vacation rentals can operate, including restrictions on the types of properties, areas, or zones where they are permitted.

Blue Tax Return

A special tax filing system in Japan that offers deductions and benefits for individuals or businesses that maintain proper accounting records.

Blue Zoning Land

Land in non-urbanized (controlled) zones where development is heavily restricted under Japan's city planning system.

Red Zoning Land

Land that is publicly used or unregistered, often designated for roads or drainage and not privately owned.

Asbestos

A fire-resistant mineral once used in construction, now recognized as hazardous due to health risks from inhalation.

Asset Management (AM)

Strategic management of real estate assets to optimize returns and control risk, typically by institutional or professional managers.

Down Payment

The initial amount paid upfront when purchasing a property, excluding any mortgage financing.

Apartment (Low-rise)

Low-rise rental housing in Japan, typically wooden or lightweight steel structures with 2–3 floors.

Apartment Loan

A loan product designed for purchasing or constructing rental apartments, often considered an investment loan.

Yield Gap

The spread between a property's yield and borrowing interest rate. A higher gap implies better profit margins.

General Fixed-Term Leasehold

A leasehold that does not renew automatically. Typically set for 50+ years and returns land to the owner upon expiration.

General Brokerage Agreement

A contract that allows a seller to engage multiple real estate agents simultaneously to sell a property.

Title Transfer Registration

The legal process of registering the transfer of property ownership to a new owner.

With Existing Fixtures (Key-in-Place)

Property or business transfers that include existing interiors and equipment, often seen in F&B leases.

Illegal Building

A structure that violates building codes or urban planning regulations in Japan.

Income Gain

Profits earned during ownership, such as rental income from real estate assets.

Stamp Tax

A Japanese tax applied to legal documents like contracts, requiring a stamp based on the transaction amount.

Net Internal Area (Uchi-nori)

The internal floor area measured from the inside of walls, used in official registration of condo units.

Exposed Concrete

An architectural finish where concrete surfaces are left bare without covering or paint for aesthetic appeal.

Seller

The party who sells a property and may bear certain disclosure or defect liabilities depending on the contract.

Advertising Fee (AD)

An incentive fee paid by the landlord to agents to promote or quickly fill a vacant unit.

Escrow

A system where a third party holds funds during a real estate transaction to ensure security and completion of the transaction.

Owner Change

The legal process of transferring property ownership to a new owner.

Over-Loan

A loan that exceeds the purchase price of the property.

Improvement Order

An administrative order issued to buildings that violate the Building Standards Law, requiring improvements to be made.

Reconstruction

The process of demolishing an existing building and constructing a new one in its place.

Buy-Back

A provision where the seller repurchases the property from the buyer, typically at a predetermined price and conditions.

Cancellation Deposit

A deposit paid by the buyer to the seller when canceling a contract.

Final Tax Return

The process of calculating annual income and taxes and filing a declaration with the tax office.

Defect

A flaw or problem that exists in a building or land.

Defect Warranty Liability

The seller's responsibility to the buyer regarding defects in the property.

Corner Land

Land located at the corner where roads meet.

Wall Structure

A structural system primarily composed of walls.

Fixer-Upper Investment

An investment strategy of purchasing dilapidated properties, renovating them, and increasing their value.

Return Yield

The annual return rate in real estate investment.

Management Company

A company that specializes in managing and operating buildings.

Management Rules

Rules regarding the management and use of buildings.

Equal Principal and Interest Repayment

A repayment method where the same amount of principal and interest combined is paid monthly.

Existing Non-Conforming Building

An existing building that does not comply with current building standards law.

North Side Slope Limit

Building restrictions to ensure sunlight for north-facing neighboring properties.

Client Acquisition

Finding buyers or tenants for real estate properties.

Cap Rate

A metric representing the return rate in real estate investment.

Capital Gain

A loan provided by the seller to the buyer in excess of the actual transaction amount during a real estate transaction.

Boundary

A loan provided by the seller to the buyer in excess of the actual transaction amount during a real estate transaction.

Common Parts

A loan provided by the seller to the buyer in excess of the actual transaction amount during a real estate transaction.

Adjacent Commercial Area

A loan provided by the seller to the buyer in excess of the actual transaction amount during a real estate transaction.

Divided Ownership Building

A loan provided by the seller to the buyer in excess of the actual transaction amount during a real estate transaction.

Divided Ownership Law

A loan provided by the seller to the buyer in excess of the actual transaction amount during a real estate transaction.

Gross Yield

A loan provided by the seller to the buyer in excess of the actual transaction amount during a real estate transaction.

Auction Property

A loan provided by the seller to the buyer in excess of the actual transaction amount during a real estate transaction.

Lightweight Steel Structure

A building structure using lightweight steel materials.

Inspection Certificate

A certificate confirming that a building complies with the Building Standards Law after construction completion.

Building Confirmation Application

An application to confirm that a building complies with the Building Standards Law when constructing a building.

Building Standard Law

A law that establishes minimum standards for building sites, structures, equipment, and usage.

Building Area

The horizontal projected area enclosed by the center lines of the building's outer walls or columns that replace them.

Building Coverage Ratio

The ratio of building area to site area.

Current Status

The current state or condition of real estate.

Restoration to Original Condition

The process of returning a rental property to its original condition when a tenant vacates.

Building Confirmation Certificate

A certificate issued when a building confirmation application is approved.

Exclusive Industrial Area

An area designated for industrial convenience where residential construction is restricted.

Industrial Area

An area designated primarily for industrial convenience.

Published Price

The price of standard land published annually by the Ministry of Land, Infrastructure, Transport and Tourism.

Published Land Price

The price of standard land published annually by the Ministry of Land, Infrastructure, Transport and Tourism.

Structural Calculation Document

Calculation documents to verify the structural safety of a building.

Public Road

Roads managed by the national or local government.

Registered Area

The area recorded in the official registry.

Aggregate

Gravel and sand that serve as the main materials for concrete.

Fixed Rate

A loan where the interest rate remains fixed at a constant rate throughout the borrowing period.

Property Tax

A local tax levied on fixed assets such as land and buildings.

City Planning Tax

A purpose tax allocated for urban planning projects and land readjustment projects.

Construction Management (CM)

Business that manages the quality, schedule, and cost of construction work.

Conversion

Changing the use of an existing building to convert it to a new purpose.

No Reconstruction

The inability to construct a new building in the same location after demolishing an existing building.

Limit Order

Placing an order by specifying a desired price in buying and selling.

Sublease

A tenant subletting a property to a third party.

Vacant Land

Empty land without any buildings.

Urbanization Area

An area designated by the Urban Planning Law where urbanization should be promoted.

Urbanization Control Area

An area designated by the Urban Planning Law where urbanization should be controlled.

Security Deposit

A deposit paid by a tenant to a landlord in a lease agreement.

Business Scale

A scale sufficient to conduct as a continuous business.

Net Yield

The actual yield after deducting various expenses.

Measured Area

The area obtained through actual measurement.

Blank Land

An area where land use zones are not designated.

Land Lease Right

The right to borrow another person's land to build a building.

Slope Restriction

Regulations that limit building height using slope lines.

Income Capitalization Method

A valuation method that calculates real estate prices from income.

Income Property

Repair Reserve Fund

Funds set aside for future repair costs of buildings such as condominiums.

Repair Cost

Costs required for repairing and maintaining buildings and equipment.

Important Matters Explanation

Explanation of important matters related to real estate transactions by licensed real estate agents.

Important Matters Document

A written document containing the content of important matters explanation.

Quasi-Industrial District

An area primarily for industrial convenience where industries and service facilities that pose no environmental degradation risk can be located.

Quasi-Residential District

An area that promotes business convenience suitable for the characteristics of road frontage while protecting residential environment in harmony with it.

Quasi-Fire Prevention District

An area where fire prevention regulations equivalent to fire prevention districts are applied.

Commercial District

An area primarily for promoting convenience of commerce and other businesses.

Gratuitous Loan

A contract for borrowing and lending items without compensation.

Cost Approach

A valuation method that calculates real estate prices from replacement cost.

Road Access Obligation

The obligation for building sites to have access to roads.

Setback

Building structures set back from the road boundary line.

General Contractor

Abbreviation for general construction company. A construction company that handles everything from design to construction.

Exclusive Exclusive Agency Contract

A contract where the client entrusts only a specific agent with mediation without entrusting other agents.

Exclusive Agency Contract

A contract where the client entrusts only a specific agent with mediation.

Front Road

The road that the building site adjoins.

Exclusive Area

The area exclusively owned by each unit owner in condominiums and similar buildings.

Inheritance Tax

Tax levied when property is acquired through inheritance or bequest.

Extension

Adding new parts to an existing building to expand it.

Land Ownership

The ownership of land on which land lease rights are established.

First Class Residential District

An area that protects the good living environment of low-rise housing.

First Class Medium-High Rise Residential Exclusive District

An area that protects the good living environment of medium and high-rise housing.

First Class Low-Rise Residential Exclusive District

An area that protects the good living environment of low-rise housing.

Third Sector

An organization established through joint investment by private companies and local governments.

Seismic Standard

Technical standards for the seismic performance of buildings.

Seismic Reinforcement

Construction work to improve the seismic performance of existing buildings.

Dynamic DCF Method

A type of DCF method that dynamically forecasts future cash flows.

Second Class Financial Instruments Business

A type of financial instruments business based on the Financial Instruments and Exchange Act.

Second Class Residential District

An area that primarily protects the residential environment.

Second Class Low-Rise Residential Exclusive District

An area that protects the good living environment of low-rise housing.

Second Class Medium-High Rise Residential Exclusive District

An area that protects the good living environment of medium and high-rise housing.

Agency

Performing legal acts on behalf of another person in their name.

Height Restriction

Regulations that limit the height of buildings.

Residential Land Development Guidelines

Guidelines for ensuring proper implementation of residential land development projects.

Real Estate Business

Real estate transaction mediation and agency business based on the Real Estate Transaction Business Act.

Real Estate License Number

Real Estate Transaction Specialist

A real estate transaction expert who holds a national qualification based on the Real Estate Transaction Business Act.

Building Purchase Request Right

The right of a land leaseholder to request the landowner to purchase the building.

Land Sale with Construction Condition

A land sale contract conditional on meeting construction requirements.

Short-term Lease Protection System

A system to protect tenants of short-term lease contracts.

Group Credit Life Insurance

Insurance that repays debt with insurance money when a housing loan debtor dies.

Collateral Appraisal Value

The appraised value of collateral property.

Security Interest

A property right that secures debt repayment.

District Zone

A general term for land use districts and special use districts based on the City Planning Act.

Easement

The right to use another person's land for the benefit of one's own land.

Land Category

Classification indicating the use and utilization status of land.

Central Monitoring System

A system that centrally manages building equipment and security.

Mediation Fee

A fee paid for real estate transaction mediation.

Direct Capitalization Method

One method for calculating the income value of real estate.

Lease

A contractual relationship for borrowing and using property.

Fixed-term Land Lease

A land lease right for a fixed period that expires at the end of the term.

Mortgage

A security interest established on real estate as collateral for debt.

Exit Strategy

A strategy for recovering investment through sale or transfer of investment property.

Debt Securities

Financial products that securitize debt.

Dead Cross

A phenomenon where the short-term moving average crosses below the long-term moving average.

Developer

A company or individual engaged in real estate development business.

Deposit

Money paid as security or escrow.

Registration

Legal procedures for publicizing real estate rights and relationships.

Registration License Tax

Tax levied when registering real estate or obtaining licenses.

Road Slope Restriction

Regulations that limit building height based on distance from roads.

Urban Planning Area

An area designated by the Urban Planning Law for formulating urban plans.

Urban Planning Tax

A local tax levied as a source of funding for urban planning projects.

Urban Renewal Emergency Improvement Area

An area designated by the Urban Renewal Special Measures Act requiring emergency improvement.

Sediment Disaster Prevention Act

A law to protect citizens' lives from sediment disasters.

Soil Contamination Countermeasures Act

A law that establishes measures for understanding and addressing soil contamination.

Land Readjustment Act

A law that establishes land readjustment projects.

Transaction Comparison Method

A method for calculating real estate prices by referencing transaction prices of similar properties.

Transaction Type

The form or method of real estate transactions.

Internal Effective Intention

The internal intention when performing legal acts.

Property Viewing

Inspecting the interior of a real estate property.

Interior Finishing

Interior finishing work of buildings.

Internal Rate of Return

One indicator for evaluating investment profitability.

Certified Mail

A postal system that certifies the content and delivery of mail.

Nageshi

Raw Discharge

Discharging building wastewater directly into the sewer system.

Rope Shrinkage

The shrinkage phenomenon of ropes used in building foundation work.

Rope Extension

The elongation phenomenon of ropes used in building foundation work.

Storage Room

A room used as storage space within a residence.

Article 2 Road

A road defined in Article 42, Paragraph 2 of the Building Standards Act.

Double Ceiling

A structure with double-layered ceilings.

Double Floor Construction

A construction method that installs double-layered floors.

Two-Generation House

A residence where parents and children live together.

Shadow Regulation

Regulations that limit the impact of building shadows on the surrounding environment.

Niche

A small storage space built into a wall.

Two-Way Road

A condition where a building site adjoins two roads.

Japan Housing Performance Indicator

Standards for objectively evaluating housing performance.

Occupancy Screening

Screening of applicants wishing to occupy rental properties.

Optional Provision

Contract provisions that parties can freely modify.

Voluntary Sale

A debtor voluntarily selling real estate.

Nuki

Horizontal beams that connect pillars in wooden construction.

Extraction Act

Acts to obtain improper profits in real estate transactions.

Strip Foundation

A type of building foundation consisting of continuous foundation beams.

Wet Veranda

A veranda that may get wet from rain.

Root Mortgage

A mortgage that secures a debt arising from a continuous transaction relationship.

Year-End Adjustment

Adjustment of income tax in the income tax declaration.

Agricultural Land Conversion

Converting agricultural land to non-agricultural land.

Gross Floor Area

The total floor area of a building.

Slope Land

Sloped areas that cannot actually be used as residential land. Also called 'norimen' (slope face). Includes both naturally formed and artificial slopes (such as cut and fill). According to display regulations, slope land is also included in sloped areas, and when a certain percentage or more of sloped area is included, its area must be displayed.

Non-Recourse Loan

A loan that cannot be seized by creditors if the debtor fails to repay the debt.

Non-Bank

Non-bank financial institutions.

Flagpole Land

Land that stands like a flagpole.

Hazard Map

A system for displaying natural disaster risks on a map.

Sale Price

Sale price

Mediation Contract

A contract to entrust mediation for real estate sales or lease transactions.

Bulk Sale

Selling multiple real estate properties in bulk.

Perspective

A drawing that three-dimensionally represents the exterior or interior of a building.

Building Management (BM)

Business of operating and managing buildings.

Surface Yield

A basic indicator for calculating real estate investment returns.

Building Management Operations

All operations related to building maintenance and management.

Facility Management (FM)

Business of comprehensive facility management and operation.

Real Estate Acquisition Tax

A local tax levied when acquiring real estate.

Real Estate Investor

An investor who aims to earn returns by investing in real estate.

Real Estate Specific Joint Venture Act

A law concerning joint ventures in real estate.

Free Rent

Waiving rent for a certain period.

Full Loan

Financing the full price of a property.

Land Subdivision

Dividing one piece of land into multiple pieces.

Flooring

A type of floor material. Wooden floor material.

Project Management

Business of planning, executing, and managing projects.

Property Management (PM)

Business of managing and operating real estate.

Proper Loan

Real estate secured loan.

Wall Center

A method of calculating area based on the center line of walls.

Variable Interest Rate

A loan where the interest rate varies according to market rate fluctuations.

Home Inspection

Professional inspection of a house.

Home Staging

Decorating the interior to create a good impression on buyers when selling real estate.

Portfolio

A collection of real estate properties as investment targets.

Fire Prevention District

An area with restrictions on building structure and materials to prevent fire hazards.

Legal Useful Life

The useful life of buildings as stipulated by tax law.

Mysoku

Direct transaction between seller and buyer in real estate sales.

Floor Plan

The arrangement and division of rooms in a building.

Machiya

Traditional Japanese townhouse architecture.

Mansion

Medium to high-rise apartment buildings.

Mansion Management Company

A company that performs mansion management operations.

Mansion Management Specialist

A qualified person with specialized knowledge in mansion management.

Mega Landlord

A large-scale landlord who owns multiple properties.

Maisonette

A unit in a two-story apartment building.

Wooden Construction

A building structure using wood as the main structural material.

Original Agent

The agent first entrusted with real estate sales or rental mediation.

Embankment

Filling soil to raise the ground level.

Mortar

A building material made by mixing cement, sand, and water.

Rent Guarantee

A system that guarantees rent payment by tenants.

Rent Guarantee Company

A company that guarantees rent payment by tenants.

Floor Area

The total floor area of all floors of a building.

Floor Area Ratio

The ratio of total floor area to site area.

Land Use District

Land use regulation zones established by the Urban Planning Act.

Credit

Providing financing or credit.

Rigid Frame Structure

A building structure with rigid connections between columns and beams.

Running Cost

Ongoing costs required for maintaining and operating real estate.

Leasing

Business of renting out properties.

Renovation

Renovation and remodeling work on existing buildings.

Yield

The ratio of annual income to investment amount.

Adjacent Slope Restriction

Regulations that limit building height based on distance from adjacent land.

Key Money

A gift payment to the landlord when signing a lease contract.

REINS

Real Estate Information Network System.

Leverage

An investment method utilizing borrowed funds.

Rentable Ratio

The ratio of rentable area to total floor area.

Rent Roll

A list of rental income from rental properties.

Loan Special Provision

Special conditions in a housing loan contract.

Road Price

Land prices facing roads published by the National Tax Agency.

Loft

A room with high ceilings and a two-story structure.

One Room Mansion

A mansion consisting of one room.

One Room Housing Guidelines

ALC

Abbreviation for Autoclaved Lightweight Concrete.

DCF Method

Discounted Cash Flow method. A method of valuing by discounting future cash flows to present value.

DSCR

Debt Service Coverage Ratio. The ratio of annual net operating income to annual debt service.

LTV

Loan to Value ratio. The ratio of loan amount to property value.

NCF

Net Cash Flow. Pure cash flow after subtracting expenses from income.

PC Construction

Precast Concrete construction. Structure using concrete components manufactured in factories.

RC Construction

Reinforced Concrete construction. Structure combining steel reinforcement and concrete.

REIT

Real Estate Investment Trust. An investment trust that invests in real estate.

ROI

Return on Investment. The ratio of return to investment amount.

Steel Construction

Steel construction. Building structure using steel as the main structural material.

SRC Construction

Steel Reinforced Concrete construction. Structure combining steel, reinforcement, and concrete.

UB

Unit Bath. Equipment integrating bathroom, washbasin, and toilet.