Tenant

A tenant is a person or household that has the right to occupy a rental home, usually under a lease or other rental agreement. In multifamily operations, the term often overlaps with resident, especially after an applicant signs a lease and moves in. The tenant relationship includes obligations such as paying rent and following lease terms, along with rights related to occupying the home.

A leasing team reviews the rent roll to confirm which units have current tenants, each tenant’s lease dates, and the rent charged for those units.

Tenant status affects daily operations across leasing, rent collection, maintenance, renewals, and retention. Clear tenant records help teams understand occupancy, lease obligations, service needs, and potential revenue risk.