Bills, debts, and charges that need to be paid for during a given time period, usually each month.
What are Expenses?
Insurance protecting the tenant against property losses such as losses from theft or fire.
A law that prohibits discrimination in housing because of race, color, national origin, religion, gender, family status or disability.
What is the Fair Housing Act?
One who lives in a property. Also known as a resident.
What is a Tenant?
What is Gross Income?
A Certificate supplied by the landlord or property manager to the resident of the property providing proof of the rent paid for the calendar year. The certificate must be made available before February 1st of the following year in which the rent was paid.
What is a Certificate of Rent Paid (CRP)?
A legal contract between the property manager or landlord and the resident whether written or spoken and outlines the terms of the housing rental.
What is a Lease Agreement?
What is a Property Manager?
Things that a person would like to have but that may not be necessary to live.
What are Wants?
Money paid by the resident (tenant) and held by the property manager or landlord to pay for any damage beyond ordinary wear and tear. Also known as the security deposit.
What is a Damage Deposit?
A detailed document that provides the information necessary for a property manager to decide if you will be an appropriate resident for their property.
A lawsuit brought by a property manager or landlord to evict a resident (tenant) from the rental property. Also known as an unlawful detainer or UD.
What is an Eviction Notice?
What is Hoarding?
Money paid by the resident (tenant) and held by the property manager or landlord to pay for any damage beyond ordinary wear and tear. Also known as the damage deposit.
What is the Security Deposit?
Summary information of a person's credit-use provided by a credit bureau to a creditor. The report details how you have borrowed and repaid debts.
What is a Credit Report?
A building meant to accommodate many families.
What is Multi-Family Housing?