Glossary |
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| There are 7 entries in the glossary. |
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| Occupancy Roll | A listing of apartments at an apartment complex which indicates which units are occupied and which are vacant. This listing will be kept current so that apartment employess can quickly locate vacant units to lease to potential occupants. This list is made available to inspectors so that they can determine which vacant units they would like to inspect. |
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| Occupancy Verification | An inspection to determine if a property is occupied and the name(s) of the occupant. Contact with the occupant is authorized unless the inspection request indicates that no contact is to be made. |
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| Occupany Inspection | This inspection is performed to determine whom, if anybody is occupying the property. Additional information may be requested such as full names, contact phone numbers, rental information (if applicable), agent or property manager information and the number of units will be provided, if it can be determined at the time of inspection.A property condition report (PCR) and any existing or potential conditions that could effect the value of the premises may also be requested. |
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| One Time Securing Fee | Term previously used by HUD to identify the maximum fee that would be paid for the various costs required to secure a property by securing the windows and doors to prevent against unauthorized entry and to protect against weather damage. The term \"One-Time Securing Fee\" is now known as the \"Maximum Allowable Securing Fee.\" |
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| Out Of Area | A city, county, zip code or possibly a state that a field services company would not normally work for some reason. The reason is immaterial; if the area is not covered, then it is Out Of Area. |
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| Outstanding Inspections | Any number of inspections that have not been completed. On occasion a company may ask a field rep to perform some of their outstanding inspections. These will be inspections the company has been unable to have completed. The reasons for noncompletion are numerous and can include having no rep in the area of the inspections, illness of a rep or the outstanding inspections are of hard to locate properties and no one has been able to locate, etc. If a field rep has any inspections that have not been returned by the due date, these inspections will be on some company\'s outstanding inspection list. |
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| Outstanding List | Assignments reported as not finished. |
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