Lease and Rental Concepts Flashcard

Front

What is a lease?

Back

A contract conveying property for a specified time.

Front

What is rent?

Back

A tenant's regular payment to a landlord.

Front

What is a deposit?

Back

A sum payable as a first installment or pledge.

Front

What are utilities?

Back

Services like light, power, or water provided by a public utility

Front

What does renters insurance protect against?

Back

Unexpected circumstances like theft, fire, or sewer backup