To help guests understand more about the rental of rooms and house from inns, resorts and vacation rentals this glossary is provided for reference. It is not comprehensive but serves as a primary for terms guests may encounter in renting and utilizing lodging. Not all terms apply to Sunspots.

IVR - Inspected Vacation Rental
A lodging unit that has been inspected and meets the standards of the Vacation Rental Industry Association (VRIA). Designated as "Blue Ribbon" and "Inspected Vacation Rental (IVR)" These include rules for outfitting, cleanliness, maintenance and truthful advertising, The terms Blue Ribbon and IVR are trademarks owned by the Vacation Rental Industry Association. See also: Blue Ribbon Rental, VVR, Verified Vacation Rental (Origin: Vacation Rental Association)

Leasehold Interest
When an owner of a property leases the property to second party, that party is said to have a leasehold interest. They have certain rights in regard to the use and disposition of the property but not the right to sell the property itself. This usually refers to a leasehold interest in land. (Origin: Vacation Rental Association)

Leisure Travel
Travel for recreational, educational, sightseeing, relaxing and other experiential purposes. (Origin: Vacation Rental Association)

Linens
All bedding, towels and other fabric products used in a lodging facility to comfort to owners, family and guests. See also: Bedding (Origin: Vacation Rental Association)

List Rate
The price that a lodging provider expresses as his price to the wholesaler. Usually the wholesaler receives a discount off the list rate. (Origin: Vacation Rental Association)

Location
A geographic description of where properties are located. Locations are located within Destinations, which are located within States, which are located within Countries. For example, Poipu Beach is a Location. The island of Kauai is a Destination and Hawaii is the state. These geographic descriptions are not precise and are sometimes named to accommodate various geographic features. See also: Destination, State, Country (Origin: Istay)

Lock Off
A room or additional rental area which can be separate from the main rental area of hotel, motel or vacation rental unit. (Origin: Vacation Rental Association)

Lost & Found
Most owners or managers have a location at which articles found in a lodging property are kept for a short period of time. Owners and managers do not take responsibility for lost and found items nor offer guarantee that such items will be located after a guest's departure. (Origin: Vacation Rental Association)

Low Rise Building
Usually a building of 3 or 4 floors or less which usually houses office spaces and sometimes first floor retail space. (Origin: Vacation Rental Association)

Low Season
The season when guest occupancy and rates are lowest. See also: Travel Seasons, Peak Season, Shoulder Season (Origin: Vacation Rental Association)

Maintenance
The act of maintaining and providing services to a property. Sometimes routine matters such as changing furnace filters, or changing locks. Generally differentiated from work necessary to correct damages. See also: Repairs (Origin: Vacation Rental Association)

Market Share
The percentage of business within a market category. (Origin: Vacation Rental Association)

Member
A person who has subscribed to any website membership plan. (Origin: Redstone Systems)

Memberships
Customers who wish to utilize one or more of our websites must sign up for a Membership in that site. Each membership has a username, logon and Membership type. Some sites allow users to view some data before becoming members. (Origin: Redstone Systems)

Mid Rise Building
A building, often used for office space and usually between four and 12 floors. (Origin: Vacation Rental Association)

Net Rate
The rate provided to wholesalers and tour operators that can be makrked up to sell to the customer. (Origin: Vacation Rental Association)

Network Member
A person who owns a local vacation rental company in a geographic location, that is a member of the Sunspots Network. They are the key person in the are and may have other people who work for them. A member may also be referred to as a Networker, Operator, Manager or Property Manager. See also: networker, manager, operator, property manager (Origin: Vortex Organization)

Network Operator
An alternate title for a person who owns a local vacation rental company in a geographic location, that is a member of the Sunspots Network. See Network Member. See also: Network Member, Networker, Manager, Property Manager (Origin: Vortex Organization)

Networker
Refers to employs or subcontractors of Sunspot Network Members such as housekeepers, maintenance personnel, office staff and so forth. See also: manager, network member, operator, property manager (Origin: Istay)

Night
In most lodging, guests do not rent "Days" but instead bookings are thought of as "Nights". The origin of this terminology comes from the traditional (Hotel, Motel) industry where guests frequently arrive in the afternoon and leave in the morning. Hence it is the night they are renting not the day. See also: Day (Origin: Vacation Rental Association)

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