| A | B |
|---|
| Landlord | The company or individual that owns an apartment. |
| Lease | A legal document signed by both the tenant and the landord that contains the terms of the agreement, such as the names of the tenant(s), the rent amount, and the responsiblities of the landord and the tenant. |
| Location | The location of your apartment is an important safety consideration and also determines your ease of getting work, buying groceries, etc. |
| Notice | An amount of time required in advance if either the landord or the tenant wishes to discontinue the rental agreement. This courtsey allows both parties time to make other arrangements. |
| Rent | The payment, usually monthly, that the tenant pays to the landlord. |
| Security Deposit | A sum of money usually equal to one month's rent, held by the landlord to cover any damage to the apartment caused by the tenant. |
| Tenant | The person renting the apartment. |
| Term | The length of a rental agreement, usually a period of one year. |
| Unit | One individual apartment. A large apartment building may contain 20 or more units. |
| Utilities | Items and services needed to make a house or apartment functional such as hot water, electricity, natural gas, phone service, and cable service |
