Rental Lease Agreement
Rental Lease Agreement

 

GLOSSARY

LANDLORD

The Landlord is a person that allows someone else to occupy a property they own, in exchange for monthly rent.

TENANT

A Tenant is someone that is occupying a property on the basis of paying monthly rent.

SECURITY DEPOSIT

A Security Deposit is a form of payment made by the Tenant in the chance the Tenant inflicts any damage to the property

LAST MONTH'S RENT

Last Month's Rent is referred to upon signing a lease agreement, the Landlord may require the Tenant to pay for the last month of rent.

RENTAL APPLICATION

An application that verifies the Tenant's credit-worthiness.

DISCLOSURE

State required forms to protect its citizens.

EVICTION

Eviction is an action that the Landlord takes when the Tenant has broken the lease terms.

 

 

 

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