Glossary
This Glossary is provided to users of the website as a guide to terms and information they may find helpful. Definitions are added, edited or removed occasionally.
Algorithm Lock (Algo Lock)
A digital button lock that uses pre-determined codes known by reservation software and the lock to allow access
- Has no need to be re-programmed manually at the door
.- Can not be programmed over Wi-Fi
- Is not a mechanical keysafe or lock box
- Work similarly to hotel type card locks
- Usually also has a physical key to use.
See also: Wi-Fi Lock, Algorithmic lock, Keysafe, Algo Lock, Card lock Origin: Vacation Rental Association
Card Lock
A lock that accepts a plastic card to allow access, usually to a hotel room. Uses pre-determined codes known by reservation software and the lock to allow access
- Has no need to be re-programmed manually at the door
- Can not be programmed over Wi-Fi
- Is not a mechanical keysafe or lock box
- Usually also has a physical key to use.
See also: Wi-Fi Lock, Algorithmic lock, Keysafe, Algo Lock Origin: Vacation Rental Association
Electronic Lock
A digital or push button mechanical lock that does not require a key or access card to operate. Must be programmed at the door, by opening the lock.
- Can not be programmed over Wi-Fi
- Does not use an Algorithmic code
- Is not a mechanical keysafe or lock box
- Usually also has a physical key to use.
See also: Wi-Fi Lock, Algorithmic lock, Keysafe Origin: Vacation Rental Association
Wi-Fi Lock
A digital door lock programmed over Wi-Fi to allow access to a door during certain dates and times..
- Does not use an Algorithmic code
- Has no need to be programmed mechanically at the dooor.
- Is not a mechanical keysafe or lock box
- Usually also has a physical key to use.
See also: Electgonric Lock, Algorithmic lock, Keysafe, card lock Origin: Vacation Rental Association
Absentee Vacation Rental Manager
Company posing as vacation rental managers who does not actually reside in the geographic area. Actually only a booking agent, who sub contracts to freelance housekeepers. Being absent imposes unnecessary risk on property owners and guests.
See also: Property Manager, Vacation Rental Manager Origin: Vacation Rental Association
Composite Vacation Rental manager
A company that provides comprehensive vacation rental management services to second homes such as cabins, cottages, houses and villas by being a locally owned and operated business supported by a centralized back office support team. This allows local staff to focus on housekeeping, maintenance, guest and owner services, while the back office. Provides accounting, reservations with work class marketing and advertising.
Origin: Vortex Managers Link: VortexManagers.com
Family Member
Includes Traveling Companion's dependent, spouse, child, spouse's child, son/daughter-in-law, parent(s), sibling(s), brother/sister, grandparent(s), grandchild, step-brother/sister, step-parent(s), parent(s)-in-law, brother/sister-in-law, aunt, uncle, niece, nephew, guardian, Domestic Partner, foster child, or ward.
Origin: Vacation Rental Association
Limited Vacation Rental Manager
A locally owned and operated company that manages multiple second homes for short-term rental such as cabins, condos, cottages, houses, villas, etc. Provides onsite services and marketing without aid of a support organization. May also refer to an individual who works at such a company.
Origin: Vacation Rental Association
Lodging Manager
A person or company who manages lodging faculties such as Inns, Resorts, Hotels, Motels, Vacation Rentals, short-term rentals. Lodging Managers do not manage conventional real estate rentals such as apartments, condominiums, commercial buildings, home owner associations, or long-term residential property.
See also: Vacation Rental Manager, Lodging Manager, Absentee Vacation Rental Manager, Corporate Vacation Rental Manager Origin: Vacation Rental Association
Property Manager
A person or company who manages real estate including commercial, residential and other properties. Should not be used for people who manage vacation rentals, as those should be called "Vacation Rental Managers" or "Lodging Managers"
See also: Vacation Rental Manager, Lodging Manager, Absentee Vacation Rental Manager, Corporate Vacation Rental Manager Origin: Vacation Rental Association
Termination
The basis on which a party to a contract - written or verbal - may terminate the contract.
Origin: Vacation Rental Association
Vacation Rental Manager
A company that provides comprehensive lodging management services to multiple second homes such as cabins, condos, cottages, houses, villas, etc. Such managers operate local offices, housekeepers, staff, marketing, advertising, accounting and reservations. May also refer to a person at such firm who is in charge of properties.
See also: Property Manager, Absentee Vacation Rental Manager, Corporate Vacation Rental Manager Origin: Vacation Rental Association
Your Share
Rental program from Sunspot Vacation Rentals that provides advertising and bookings services to owners of timeshares who have dates available to rent.
Origin: May, William
DETAILS: Glossaries and Dictionaries are handy tools. They provide an indication of meaning but additional study may be necessary to comprehend the full meaning. There may be alternate definitions not included here and experts may disagree on the proper explanation of each term.
SUBMIT: Please send missing terms to this website publisher for possible inclusion. Submissions may not be answered and the publisher does not guarantee that the submission will be considered or included.