# Rent Roll

> Rent Roll compresses property operations and risk into decision-making measures

| Field | Value |
|---|---|
| Stable ID | `node:kiduna:real-estate-mortgage:cre-metrics:rent-roll` |
| Family | Commercial Real Estate Metrics |
| Domain | Economics |
| Era | Agentic Age |
| Kind | concept |
| Archetype | The Field |
| Claim layers | empirical, cultural_historical, synthesis, interpretive, symbolic_divinatory |

## What it is

Rent Roll is a concept in the Commercial Real Estate Metrics family, defined here by the function it performs in the property system rather than by label alone.

## What it actually does

Rent Roll compresses property operations and risk into decision-making measures.

## Why it exists

It exists because place is unique and immovable while law, capital, information, and human lives must still coordinate around it across time.

## System mechanics

- **Who uses it:** owner, occupant, buyer, seller, lender, investor, steward, regulator
- **Incentives:** access, certainty, control, value, continuity
- **Inputs:** place, people, records, rules, resources, time
- **Outputs:** rights, constraints, uses, relationships, consequences
- **Dependencies:** Land, Authority, Information, Capital, Time

## Archetypal reading

- **Essence:** Rent Roll compresses property operations and risk into decision-making measures
- **Gift:** Clarity about rent roll makes a hidden allocation of place, time, authority, value, or risk available for deliberate choice.
- **Wound / Shadow:** When rent roll is treated as neutral or inevitable, its costs can be shifted to people who hold less information, authority, liquidity, or mobility.
- **Failure mode:** The failure mode appears when rent roll is stale, opaque, mispriced, misrecorded, overextended, or applied outside the conditions that made it useful.

## Lenses

- **Personal:** Notice where rent roll appears as a structure in your own commitments: what is held, promised, priced, protected, excluded, or deferred?
- **Business:** Rent Roll reveals a handoff among information, authority, incentives, operating work, and capital. Make the owner of each handoff explicit.
- **Financial:** Rent Roll changes the timing, priority, comparability, liquidity, or distribution of cash flow and risk.
- **Property:** Rent Roll changes how a physical place can be used, valued, financed, transferred, occupied, maintained, or reclaimed.
- **Community:** Rent Roll can create benefits inside one parcel while exporting costs or opportunity to neighbors, institutions, or future residents.

## Divination

The Field enters the reading through Rent Roll. The issue is not only what is visible; it is which map of ownership, time, risk, authority, or belonging currently governs the situation.

**Question:** What changes when Rent Roll becomes the unit of analysis?

**Guidance:** Shift scale, clock, stakeholder, boundary, and claim layer before choosing a move.

## Game function

Creates a graph move that changes the active map. Initiative 3.

## Relationships

- **Prepayment Speed is governed by Rent Roll.** Prepayment Speed is governed by Rent Roll through a change in rights, information, cash flow, priority, timing, or physical use.
- **Vacancy Rate is governed by Rent Roll.** Vacancy Rate is governed by Rent Roll through a change in rights, information, cash flow, priority, timing, or physical use.
- **Rent Roll externalizes to Effective Gross Income.** Rent Roll externalizes to Effective Gross Income through a change in rights, information, cash flow, priority, timing, or physical use.
- **Rent Roll externalizes to Mezzanine Loan.** Rent Roll externalizes to Mezzanine Loan through a change in rights, information, cash flow, priority, timing, or physical use.

## Oppositions

- Use Value versus Exchange Value
- Speed versus Diligence

## Historical lineage and regulatory context

Read Rent Roll through the lineage of Commercial Real Estate Metrics: earlier customary or local arrangements became recorded, standardized, financed, regulated, digitized, or contested over time.

Rules vary by jurisdiction and transaction. Use the cited primary sources as starting points and verify current local law, program guides, contracts, and professional standards before operational use.

## Visual direction

Text-free rounded-square enamel artifact for Rent Roll: one dominant symbolic mechanism with a restrained secondary counterforce; vitreous midnight enamel, blackened steel, warm brass, copper accents, mortgage-paper cream, deep green, slate, and sky blue.

## Engine output / Sentinel handoff

The generative interpretation above is preserved as Engine Output. Sentinel factors: jurisdiction-specific rules, factual uncertainty. These factors request contextual review; they do not delete or silently rewrite the candidate.

## Research / provenance

- [Comptroller's Handbook — Commercial Real Estate Lending](https://www.occ.gov/publications-and-resources/publications/comptrollers-handbook/files/commercial-real-estate-lending/pub-ch-commercial-real-estate.pdf) — Office of the Comptroller of the Currency; CRE lending, DSCR, debt yield, cap rate, valuation, risk.
- [Risk Management Manual — Commercial Real Estate Lending](https://www.fdic.gov/risk-management-manual-examination-policies/commercial-real-estate-lending) — Federal Deposit Insurance Corporation; CRE underwriting and risk management.
