| A | B |
|---|
| assign | way to remove self from all legal responsibility of apartment (especially if move out of state) |
| credit report | record of how well you pay your bills |
| tenent | a renter |
| landlord | person who owns the rental unit and repairs as needed for their renters |
| security deposit | pays in advance for damages to rental unit |
| sublet | when a renter "rents" his apartment to another |
| failure to pay rent | most common breach of contract |
| breach of contract | legal phrase for failure to meet terms on contract/lease |
| eviction | to be forced to leave an apartment |
| lease | rental agreement that legally states amount of rent, address, and date of occupancy |
| "utilities included" | tenant does not have to pay electricity, water, maybe cable |
| renters insurance | protects belongings in case of wind, fire, or theft |
| application fee | ask of money to ensure seriousness about taking a unit |
| advance on rent | landlord requires 1st and sometimes last months rent when moving in |
| 28% | rate for calculation of how much can pay on rent using MONTHLY income |
