LANGUAGE TO NOTE

Key Terms

Lien:

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

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

Prorated:

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

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

Rent Control Ordinances:

Laws in some communities that limit or prohibit rent increases, or that limit the circumstances in which a tenant can be evicted.

Renewal:

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

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

Utilities:

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