| Term | Definition |
|---|
| Landlord | the company or individual that owns an apartment |
| Lease | a legal document signed by both the tenant and the landlord that contain the terms of the agreement |
| Location | the location of your apartment is an important safety consideration and also determines your ease of getting to work |
| Notice | an amount of time required in advance if either the landlord or the tenant wishex to discontinue the rental agreement. This courtesy allows both parties time to make other agreements |
| Rent | the payment, usually monthly, that the tenant pays to the landlord |
| Security Deposit | a sum of money usually equal to one's month 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. a large apartment building may contain 20 or more units |
| Utilities | items and services needed to make a house or apartment functional such as hot water, electricity, natural gas, phone service, and cable service |
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