Vocab
This monthly payment allows you to live in an apartment
Rent
A written agreement between you and your landlord
Lease
How much you need to earn to afford rent is called this
Income requirement
Classic first meal eaten in an apartment - usually eaten on the floor before you have any furniture
Pizza
Money you deposit in case of damages
Security Deposit
The length of time your lease lasts
Lease term
A monthly bill for water, heat, Wi-Fi, etc.
Utilities
Oklahoma
Shared laundry, parking, or gym are examples of these
Amenities
What you're doing if you move out before your lease ends
Breaking the lease (lease violation)
The ~ideal~ percentage of your income that you should spend on rent (in a perfect world)
30%
Most expensive place to live in the country
New York (Manhattan)
This is the person or company who owns the property
Landlord
How much you need to earn to live somewhere (outlined in the lease)
Income requirement
Extra costs like parking or trash removal are called this
Fees
Most expensive area to live in Boston
Back bay or Downtown
A document showing your history of paying rent and bills. (Think financial literacy)
Credit Report
A rule in a lease—like “no pets” or “no smoking.”
Lease clause
Money saved for emergencies (think Dan/financial literacy)
Emergency fund
Something you should always do the first day moving in (before you move your stuff in)
Take a detailed video of the place!!!