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Finding an apartment

Finding an Apartment

TermDefinition
Landlord The company or individual who owns an apartment.
Lease Document contract between landlord and tenant
Location The place where something is at
Notice The amount of time required in advance if either the landlord or the tenant wishes to discontinue the rental agreement.
Rent The payment, usually monthly, that the tenant pays to the landlord.
Security Deposit A sum of money, usually equal to one month’s rent, held by the landlord to cover any damage to the apartment caused by a tenant.
Tenant The person renting the apartment.
Term The length of a rental agreement, usually a period of one year.
Unit One individual apartment
Utilities Services needed to make a house or apartment functional, such as hot water, electricity, natural gas, and cable and Internet service.
Created by: mmetzger38