National Apartment Association (NAA)
Definition of "National Apartment Association (NAA)"
Founded in 1939 and located in Washington, DC, the NAA has 36,000 members with 11 regional groups. It consists of 60 state and local associations of managers, investors, developers, owners, and builders of apartment houses and other residential rental property. It has certification programs dealing with apartment management, maintenance, and property supervision.
Popular Real Estate Terms
Percentage of rentals estimated not to be made because of actual and anticipated vacancies. ...
property that has been segregated into parts. ...
Person who dies leaving a will specifying the distribution of the estate. ...
Written proposals and acceptances applicable to the aspects of the transaction. The escrow agent must follow the purchase and sale agreement. ...
Individually owned lots and houses with community ownership of common areas. ...
Tenant breaks the lease because the landlord does not keep the premises habitable. ...
The right to demand that title be conveyed upon payment of the purchase price. ...
Same as term junior mortgage: Mortgage placed on a property after a previous mortgage. It can be a second, third, etc. mortgage. A junior mortgage is subordinate to the terms of a previous ...
See savings and loan association. ...
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