What does an 'open house' entail?

An open house refers to a scheduled time when a property is made available for all potential tenants or buyers to come and view it. This format allows interested parties to visit the property without needing to schedule a private showing, making it easier for many people to see the space at once. It is an effective marketing strategy used by leasing agents and property owners to attract a larger pool of potential tenants or buyers, facilitating a more relaxed and inclusive viewing experience where multiple interested individuals can observe the property at the same time.

The other options do not accurately describe the nature of an open house. A private showing is specifically for selected individuals and does not involve the general public. Conversely, a meeting for current tenants and landlords addresses different issues concerning existing rental agreements rather than showcasing a property. Lastly, a formal event for signing leases occurs after potential tenants have shown interest and typically involves individual negotiations rather than a display of the property for viewing.