Definition: A business arrangement in which a group of lessors of real property agrees to combine their rental properties into an aggregate financial unit, with common management of all properties. The members of a rental pool share in the profits and losses of their combined rental properties, usually according to some predetermined formula.
Terms, Definitions, and Concepts: Real Estate, Finance and Investment, Management
Added: Tue Aug 12 2008
Last Modified: Wed Aug 27 2008