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| Renegotiated rate mortgage (rrm)
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This fixed rate mortgage expires at pre-established times, which allows for renegotiation of the terms of the mortgage. Also referred to as a rollover mortgage, this mortgage comes due in a balloon payment, which may be paid or refinanced at current rates. |
| Renewable energy efficiency
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Energy derived from resources that are regenerative or for all practical purposes can not be depleted. Types of renewable energy resources include moving water (hydro, tidal and wave power), thermal gradients in ocean water, biomass, geothermal energy, solar energy, and wind energy. Municipal solid waste (MSW) is also considered to be a renewable energy resource. |
| Renewal option
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A right without any obligation, of a tenant to continue a lease at a specified term and rent. |
| Renovate
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General term to cover changes and upgrading of an existing property. |
| Renovation cost
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Total amount expended to change or upgrade an existing property. |
| Rent
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Amount paid from a tenant to a landlord for the use of property. |
| Rent bid model
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Model based on an assumption that space should be controlled by the activity that offers the highest bid. Maximizes usefulness. |
| Rent control
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Governmental policy, which governs the rate that may be charged to tenants for space rented. |
| Rent escalator
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Lease provision, which allows the landlord to raise the rental rate to account for inflation or higher interest rates. |
| Rent loss insurance
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Policy covering any loss of rent or rental value in the event that damage renders the property uninhabitable. |
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