Real Estate Terms

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Tenant

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Someone who pays rent to live in a property

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Landlord

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Owner of the property that the tenant lives in

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Lease

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Written agreement between tenant and landlord

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Rent

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Amount of money paid to the landlord each month

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Term of the Lease

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Time period tenant can live in the property

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Landlord's Responsibilities

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Ensure property is fit to live in and basic things work

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Lease Understanding

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Leases can be difficult to understand; seek help if needed

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Contact Information

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Lease should have landlord’s or property manager’s contact info

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Rent Payment Methods

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Online, check, or cash

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Lease Agreement

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Specifies responsibilities of tenant and landlord