How much you know about Apartments

The process of visiting and inspecting an apartment to decide whether to rent it.

• Apartment looking

• Apartment tour

• Visitation

• Exploration

When a rent payment is made after the agreed upon due date.

• Payday Advance

• Loan Forgiveness

• Late Rent Payment

• Half Pay

A document a potential tenant fills out so a landlord can decide if they’re qualified to rent the apartment. In addition to basic information, such as your workplace, Social Security number and previous addresses, you may have to provide items, such as pay stubs, bank statements, references and recommendations.

• Resume

• Rental Application

• Credit Report

• Reference

A potential landlord can request this from the credit bureaus to ensure you’ll be able to pay your lease and have a history of paying your debts before deciding to rent to you.

• Credit Card

• Money Order

• Check

• Credit Report

The formal process where your landlord terminates your lease and asks you to vacate your apartment in a period of time decided by local laws and statutes. You can be removed from your apartment for failure to pay rent or breaking the other terms of your lease.

• Vacation

• Eviction

• Warrant

• Arrest

The owner of your property, or an agent of the owner, who leases out the apartment. They’re responsible for their end of the lease, and are liable for structural maintenance of the apartment as outlined in the lease. They’re also the ones that can evict you for breaking your rental agreement.

• Mrs.Duff

• Office Manager

• Maintenance Staff

• Landlord

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

• Lease

• Utilities

• Mortgage

• Receipt

A one-time fee required by the rental complex that allows a pet to live on the premises.

• Pet license

• Pet insurance

• Pet deposit

• Pet service

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 (usually monthly) in exchange for living in the apartment.

• Gas bill

• Loan

• Deposit

• Rent

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. Your landlord holds this money in escrow until you vacate the apartment.

• Security Deposit

• Layaway

• Pay check

• Direct Deposit