Renting
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8 terms
Terms | Definitions |
|---|---|
 tenant | one that pays rent to use property owned by another |
| landlord | the person who owns the property that you rent |
| renter's insurance | used to protect the tenant's belongings when renting from a landlord. |
| application fee | a non-refundable fee paid to landlord to check for good tenant criteria |
| month to month | an agreement for an unspecified amount of time, with rent usually payable on a monthly basis |
| lease | a contract granting use or occupation of property during a specified time for a specified payment |
| security deposit | an amount of money paid to the owner of the property by a tenant to guard against any financial loss that the tenant might cause |
| repairs | these have to be requested in writing |
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