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Finding an apartment
Finding an Apartment
Term | Definition |
---|---|
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. |