In property management or real estate, "RL" commonly stands for "Residential Land." This refers to land that is designated for residential use, where housing developments, single-family homes, apartment buildings, or other residential structures can be built. The zoning regulations for RL areas typically allow for residential construction and may impose certain restrictions or guidelines to ensure that the land is used in a way that aligns with residential community standards.
If you encounter "RL" in a different context within property management or real estate, the meaning might vary, so it's always a good idea to check the specific context in which the abbreviation is used.