| Word | Description |
| Landlord | The owner of any real estate, such as a house, apartment building or land, that is leased or rented to another person, called the tenant. |
| Late Fees | A late fee, also known as a late fine or a past due fee, is a charge levied against a customer for not paying a charge by its due date. By creating a Late Fee Rule on an individual lease, you can have Propertyware calculate a fee on any late payments received; once you choose to Apply the Fee to the charge using the Late Fee Calculator, the fee will appear on that tenant's Tenant Ledger; the rule applies a fee based on the number of days late, the type of charge, and the amount, all of which you can set up beforehand. |
| Leases | In Propertyware, a Lease represents the contract between property manager and their customers (ie. tenants, home owners, short-term renters, etc ). A Lease contains the terms of the contract, any payments and charges, contact information, and the details of the location that your customer is occupying. Leases are found within the Leases tab of the application. |