NAICS 531110 - Lessors of Residential Buildings and Dwellings
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What is NAICS 531110
NAICS code 531110 covers establishments primarily engaged in leasing residential buildings and dwellings, including single-family homes, apartment complexes, townhomes, and other residential properties. Businesses operating in this sector act as lessors, providing housing to individuals or groups under rental agreements. These establishments may directly manage their properties or contract third-party management firms to oversee leasing, maintenance, and tenant relations. This industry includes both owner-lessors and entities that lease properties and subsequently sublease them to others. Government agencies contract these services to secure quality residential accommodations for personnel, including military members, federal employees, and contractors, often in areas where government-provided housing is limited or unavailable.
Industry Classification for NAICS 531110
This industry comprises establishments primarily engaged in acting as lessors of buildings used as residences or dwellings, such as single-family homes, apartment buildings, and town homes. Included in this industry are owner-lessors and establishments renting real estate and then acting as lessors in subleasing it to others. The establishments in this industry may manage the property themselves or have another establishment manage it for them.
Breakdown for NAICS 531110
- Includes lessors of single-family homes, apartments, townhomes, and other residential dwellings.
- Covers owner-lessors and entities that lease and sublease residential properties.
- Establishments may self-manage or outsource property management services.
- Key for providing residential accommodations for government employees and contractors.
- Supports short-term and long-term leasing contracts with government agencies.
- Subject to federal housing regulations and tenant protection laws.
Included Activities for NAICS 531110
- Leasing residential properties to individuals or families under rental agreements.
- Managing tenant relations, rent collection, and lease enforcement.
- Maintaining and repairing residential buildings to meet safety and quality standards.
- Subleasing leased residential properties to third parties.
- Coordinating with government agencies for housing compliance and inspections.
- Negotiating lease terms and contract renewals with government clients.
- Implementing property management technology and reporting systems.
- Ensuring compliance with Fair Housing Act and other relevant regulations.
Business Types for NAICS 531110
- Residential property owners and lessors
- Real estate management firms specializing in residential leasing
- Subleasing companies
- Specialized housing providers for government personnel
- Small to medium residential leasing businesses
- Third-party property management companies
Subcategories for NAICS 531110
- Apartment building rental or leasing
- Apartment hotel rental or leasing
- Apartment rental or leasing
- Building, apartment, rental or leasing
- Building, residential, rental or leasing
- Cottage rental or leasing
- Duplex houses (i.e., single-family) rental or leasing
- Dwelling rental or leasing
- Equity real estate investment trusts (REITs), primarily leasing residential buildings and dwellings
- Houses rental or leasing
- Housing authorities owning and operating residential buildings
- Lessors of residential buildings and dwellings
- Mobile (manufactured) home rental or leasing, on-site
- Real estate rental or leasing of residential building
- Residential building rental or leasing
- Residential hotel rental or leasing
- Retirement hotel rental or leasing
- Single-family house rental or leasing
- Town house rental or leasing
Government Buyers for NAICS 531110
Federal, state, and local government agencies are the primary buyers of services covered under NAICS 531110. Departments such as the Department of Defense, Veterans Affairs, and Homeland Security often require residential leasing services to house military personnel, veterans, and government workers temporarily or long-term. Agencies may also need to secure residential accommodations for disaster relief workers or employees relocating for special projects. These agencies seek reliable lessors to ensure safe, compliant, and cost-effective housing solutions that meet government standards and contractual obligations.
Contract Types & Procurement for NAICS 531110
Contracts under NAICS 531110 typically include firm-fixed-price leases, time-and-materials agreements for property management services, and indefinite delivery/indefinite quantity (IDIQ) contracts to address fluctuating housing needs. Procurement methods range from competitive sealed bidding to negotiated contracts, depending on urgency and complexity. Contract values can vary widely, from small-scale residential leases to large multi-year agreements involving multiple properties. Agencies often require contracts that include specific clauses on maintenance, tenant rights, and compliance with federal housing regulations.
Details for NAICS 531110
Explore the hierarchy and related codes for this industry
| NAICS Code | Industry Title |
|---|---|
| 53111 | Lessors of Residential Buildings and Dwellings |
| 5311 | Lessors of Real Estate |
| 531 | Real Estate |
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