Artificial Intelligence (AI) is the ability of computer programs to evaluate information and make decisions according to pre-established criteria. In real estate, AI is used in applications such as automated mortgage underwriting, property management, valuation, and customer service.
Property management encompasses the oversight and operations necessary to maintain real estate properties, including rent collection, maintenance, and financial management.
A Relocation Clause is a lease stipulation that allows a landlord to move a tenant to another location within the same building or complex. This clause provides flexibility for the landlord to maximize space utilization and cater to new tenants seeking specific floor plans.
