LANGUAGE TO NOTE KEY

Terms

Lease:

A residential tenancy agreement, a contract between you (and your co-tenants) and the landlord or owner

Lien:

The right of a landlord to keep possession of a renters property until a debt has been paid.

Rent:

An amount of money you and your landlord have agreed on in your lease for you to pay on a regular and constant recurring basis

Prorated:

The amount of rent charged to a tenant when the first or last month of a lease is less than a full month.

Renewal:

The option the tenant has to continue living in the apartment after the initial term of the lease is over.

Utilities:

Utilities can include cable, heat, water, electricity, internet, garbage removal, storage, parking, natural gas, rental insurance, grill propane and sewer.

Security Deposit:

A security deposit is the extra sum of money you provide to your landlord upon signing the lease or moving in that proactively covers any damage you might do to your apartment or rent you don't pay during the term of your lease.

Tenant:

A person who enters into a lease and pays rent to occupy a space in an apartment or rental unit owned by another entity or person.

Month-to-Month:

A rental agreement that's automatically renewed at the end of each month, until ended by either party under the terms of the lease within a certain window of time.

A complete understanding of your budget and how much you can afford is essential.

Brace for a Fast Pace

A skilled agent will do everything they can to help you stay on top of all possible opportunities

Lean on a Real Estate Professional

A local real estate professional can help you consider the right levers to pull that might be enticing to a landlord.

Make a Strong, but Fair Offer

Use an agent as your trusted advisor to make a strong, but fair offer based on market value, local rentals, and demand.

Be a Flexible Negotiator

Your trusted real estate advisor can help you understand the landlord’s request and navigate the conversation, all while keeping your best interest at heart.