Definitions to know when searching for housing

Tenant: A person who rents a property from a landlord.

Landlord: A person who rents out an apartment or a house to a tenant.

Rent:

A tenant’s regular payment to a landlord in exchange for the use of a property. Rent will typically be a monthly payment.

Lease:

A contract between a tenant and landlord that allows the tenant to live in a property for a xed period of time. A lease will include the amount of rent due each month, when and where it’s due, policies on late fees, among other things. A lease can also include factors like the pet policy or what utilities are included in the rent.

Security deposit:

An amount of money that a tenant pays when beginning to rent a property. is money will be used to pay for any damage that the tenant causes to the property. If there are no damages, the security deposit will be returned to the tenant at the end of the lease.

Utilities: e services a home or apartment needs to keep it functioning properly. Common utilities will include water, sewer, electric, gas, Internet and sanitation.

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