Lease
How long is a typical lease for?
12 month
How often is rent paid and usually when?
First day of each month
What is an apartment called that includes furniture?
Furnished apartment
What is the term used that includes such things as a swimming pool, fitness center, clubhouse, etc.?
Amenities
What do you call the amount of money you pay per month to the landlord?
Rent
This refers to the rental contract between a renter and a landlord.
Lease
When would you not get back your security deposit?
If you damage the apartment, etc.
What is called a one-room apartment that comes with a kitchen and full sized bathroom?
Studio
What could you purchase to protect you from such things as a water leak, fire, theft, etc.?
Renter's Insurance
What name is used in the lease to identify the person who is renting the apartment?
Lessee
A formal process that terminates your lease early.
Eviction
This happens if you are late paying your rent.
Late charge
What is an apartment that is one step up from a studio?
One-bedroom
What is another name for a landlord that is used in a lease?
Lessor
What term is used to list conditions of the lease that are specific to the apartment you're renting such as having house pets, quiet hours, etc.?
House rules
Can a person sublet their apartment to someone else?
No
After you move out how long does a person typically wait to get their deposit back?
30 days
What is called a large room with high ceilings and are usually in commercial buildings that have been renovated?
Loft
What term is used when you are going to move in and both you and the landlord have the opportunity to note the condition of the apartment?
Walkthrough
What is called a public record of how you've managed your credit and debt in the past?
Credit history
The amount of money you give to the landlord before you move in to cover any damages when you move out.
Security Deposit
What is the name of a secondary signer of a lease who doesn't live in the apartment called?
Co-signer
What is a multi-family home that has two units in one building? Each unit has its own entry and each unit is similar in size.
Duplex
What term is used when a tenant formally tells the landlord that they plan to break the lease?
Notice to vacate
What term is used to identify other expenses in your apartment for which you are responsible for that are billed on a consistent recurring basis?
Utilities