Vanuatu Real Estate Glossary
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Glossaries
Term | Main definition |
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Parties to the agreement / parties | Everyone included in the agreement e.g. tenant and manager. |
Periodic agreement | Tenancy agreement that extends for an unspecified period. |
Property manager | Someone authorised by the property owner to manage the rental property on their behalf. Examples include real estate agent, caravan park manager and on-site manager. |
Property owner | A person who owns a property and rents it directly to the occupant. Also known as a lessor or landlord. |
Provider | Person providing rooming accommodation. |