Rental or leasing services involving own or leased residential property

cpc code 72111 covers the rental or leasing of residential properties, a critical component of the real estate and housing industry. This sector plays a vital role in providing accommodation solutions for individuals and families, catering to diverse housing needs across the economy. The rental and leasing of residential properties is a significant contributor to the overall real estate market, facilitating mobility, affordability, and access to housing for a wide range of consumers.

The primary production techniques in this industry involve the management and administration of rental or leasing agreements for residential properties. This includes activities such as property acquisition, maintenance, tenant screening, rent collection, and the facilitation of move-in and move-out processes. Property owners or leasing agents utilize various tools and methods to efficiently manage the rental or leasing of their residential assets, ensuring a smooth and seamless experience for tenants.

The key inputs required for this industry include the residential properties themselves, which can be owned or leased by the service providers. Additionally, the industry relies on various support services, such as property management software, maintenance and repair contractors, and legal and financial professionals to assist with the administration of rental agreements and tenant relations.

The primary output of this industry is the provision of rental or leasing services for residential properties. These services are consumed by individuals and families seeking temporary or long-term housing solutions, as well as by other industries that require residential accommodations for their employees or clients. The output of this industry may also be linked to 72112 Rental or leasing services involving own or leased non-residential property and 68100 Real estate activities with own or leased property.