Rental Agreement Terms

What is a RENTAL lease?

• A contract to rent a property or item at an agreed price.

• A piece of paper.

• A contract.

What is rent?

• You pay someone for something.

• When someone agrees to "rent" a property or item at an agreed price.

• To borrow an item.

Who/What is a Payee.

• A person who money is paid to.

• A person who is the payor.

What does eviction mean?

• To stay longer.

• To be removed from a property.

• To get a lease.

Breach of Contract

• When you break the terms of a contract.

• When a whale jumps out of the water.

What is a landlord?

• A Lord that owns land.

• A person who is crowned with land.

• A person who owns a property or item that agrees to rent it out for a price.

Automated Clearing House (ACH)

• a nationwide network through which depository institutions send each other batches of electronic credit and debit transfers.

• Direct Deposit

• ATM

What is a security deposit.

• Money in your pocket.

• One month's rent use to secure that the property you rent will not be damanged.

What are the normal terms of a lease for a rental property?

• month to month

• 2 years

• 1 year

What/Who is a Tenant?

• A person who owns a property.

• A person who rents a property for a defined amount of time.

• A fly