| No. | Item | Definition |
|---|---|---|
| 1. | access | right or ability to enter |
| 2. | addendum | extra document added later |
| 3. | affordability | ability to pay costs |
| 4. | amendment | formal change to document |
| 5. | arrears | overdue unpaid rent |
| 6. | assignment | transfer of lease rights |
| 7. | balance | amount still owed |
| 8. | bank statement | record of account activity |
| 9. | bankruptcy | legal process for debt relief |
| 10. | binding | legally enforceable |
| 11. | breach | violation of a contract term |
| 12. | claim | formal demand for money |
| 13. | clause | specific contract provision |
| 14. | collection | process of recovering debt |
| 15. | compliance | following rules or terms |
| 16. | consent | permission given voluntarily |
| 17. | cosigner | person signing with borrower |
| 18. | credit check | review of borrowing history |
| 19. | damage | physical harm to property |
| 20. | damages | money claimed for loss |
| 21. | debt | money owed to others |
| 22. | deduction | amount subtracted from deposit |
| 23. | default | failure to meet obligations |
| 24. | disclosure | required sharing of information |
| 25. | due date | date payment must arrive |
| 26. | eligibility | meeting required conditions |
| 27. | enforceable | capable of legal enforcement |
| 28. | escalation | scheduled increase in rent |
| 29. | eviction | legal removal from property |
| 30. | exposure | amount of possible loss |
| 31. | fixed term | lease with set end date |
| 32. | forwarding address | new address for mail |
| 33. | garnishment | withholding money to satisfy debt |
| 34. | grace period | extra time before penalty |
| 35. | guarantee | promise to answer for debt |
| 36. | guarantor | person promising another’s obligation |
| 37. | habitability | fitness for living safely |
| 38. | holdover | staying after lease ends |
| 39. | identification | documents proving who someone is |
| 40. | income | money earned regularly |
| 41. | indemnify | compensate for loss or harm |
| 42. | inspection | formal examination of property |
| 43. | insurance | protection against financial loss |
| 44. | inventory | list of property contents |
| 45. | jointly liable | responsible together with others |
| 46. | judgment | court’s final decision |
| 47. | jurisdiction | court’s legal authority |
| 48. | keys | devices used to unlock |
| 49. | landlord | owner renting out property |
| 50. | late fee | charge for overdue payment |
| 51. | lawsuit | court case against someone |
| 52. | lease | a contract to rent property |
| 53. | ledger | record of financial entries |
| 54. | lessee | party taking the lease |
| 55. | lessor | party granting the lease |
| 56. | liability | legal responsibility for loss |
| 57. | maintenance | upkeep and repair work |
| 58. | market rent | typical rent in area |
| 59. | mediation | assisted negotiation to settle |
| 60. | month-to-month | renewing each month automatically |
| 61. | nonpayment | failure to pay money |
| 62. | notary | official who verifies signatures |
| 63. | notice | formal warning or information |
| 64. | obligation | a duty imposed by law |
| 65. | occupant | person living in property |
| 66. | pay stub | earnings statement from employer |
| 67. | payment | money paid under agreement |
| 68. | penalty | punishment or extra charge |
| 69. | possession | control or occupancy of property |
| 70. | premises | the rented property or space |
| 71. | prorated rent | partial rent for part-month |
| 72. | receipt | proof that payment was made |
| 73. | reference | statement supporting reliability |
| 74. | refund | money returned after payment |
| 75. | remedy | legal means to fix harm |
| 76. | renewal | extension of the lease |
| 77. | rent | regular payment for occupancy |
| 78. | risk | chance of loss or harm |
| 79. | security deposit | money held against damage |
| 80. | signature | name written to approve |
| 81. | solvency | ability to pay debts |
| 82. | sublet | renting to another tenant |
| 83. | summons | official order to appear |
| 84. | surety | person responsible for another |
| 85. | surrender | giving up the tenancy |
| 86. | tax return | annual income tax filing |
| 87. | tenancy | possession under a lease |
| 88. | tenant | person renting the property |
| 89. | term | length of the lease |
| 90. | termination | ending of the lease |
| 91. | underwrite | assume financial risk for |
| 92. | utilities | essential services like water |
| 93. | vacate | leave the property |
| 94. | valid | legally acceptable and effective |
| 95. | venue | proper location for lawsuit |
| 96. | void | having no legal effect |
| 97. | voidable | able to be canceled |
| 98. | waiver | intentional giving up right |
| 99. | wear and tear | normal deterioration from use |
| 100. | witness | person observing a signing |