| Term | Definition |
|---|
| Landlord | The company or individual that owns an apartment |
| Lease | A legal document signed by both the tenant and the landlord that contains the terms of the aggreement, such as the names of the tenant(s), the rent amount, and the responsibilitiesof the landlord and the tenant |
| Location | The location of your apartment is an important safety consideration and also determines your ease of getting to work, buying groceries, etc. |
| Notice | An amount of time required in advance if either the landlord or the tenant wishes to discontinue the rental aggreement. This courtesy allows both parties time ot make other arrangements |
| Rent | The payment, usually monthly, that the tenant pays to hte 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 the tenant |
| Tenant | The person renting the apartment |
| Term | The length of a rental aggreement,, 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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