Apartments are found in complexes, which vary in size. They range from a few apartments to 75-plus apartments in multiple buildings.
Broker: A person who acts as an agent in return for a fee or commission.
Condo/Townhouse/Row houses: These are usually similar to plex-style housing (see plex below), but can also be found in apartment complex buildings. Their layout often includes an upstairs and downstairs in one apartment.
Deposit: A sum of money, usually in the form of a check, given to the landlord to be held until the end of the lease. It is necessary to ask if the deposit is refundable before signing the lease. If it is, at the end of the lease, the money is returned provided the tenant has not damaged the apartment. The landlord has the right to keep all or part of the deposit if the apartment is not in the same condition as when it was rented. Be sure to walk through the apartment with the landlord and take notes on the condition of the apartment before signing the lease.
Landlord: A person or company who owns and rents buildings or multiple-dwelling units.
Lease: A contract granting occupancy in a property during a specified period in exchange for a specified amount of rent. Leases can vary in length from month-to-month to one year. Be sure to read your lease carefully before you sign it.
Mother-in-Law Apartment: Refers to an apartment inside a private home, which usually has a separate entrance.
Plexes: These are buildings containing two to four apartments: a duplex contains two apartments, a triplex contains three, and a fourplex contains four.
Realtor: An individual or agency that will assist you in purchasing a house. Their fee is added on to the cost of the house, so there is no upfront fee for the service.
Rooms for Rent: Generally, this category refers to individuals who rent a room in their home.
Tenant: A person who pays rent to reside in a property owned by someone else.
Some common abbreviations you will find in classified ads: (You may see them in combination, for example: spac 2/1 means spacious two-bedroom, 1 bathroom.)
3/2 or 2/1 (e.g.), number of bedrooms/number of bathrooms a/c, air conditioning avl, available ba or bth or bthrm, bathroom balc, balcony bd or bdrm, bedroom bldg, building bsmt, basement cbl, cable cpt, carpet d/d, dishwasher/disposal d/w or dw, dishwasher elev, elevator fpl or frpl, fireplace furn, furnished ga or gar, garage h/w or hdwd flr, hardwood floors incl, included kit, kitchen lndry, laundry lr or lvrm, living room lrg or lg, large mo, month negot, negotiable ns, non smoking or non smoker osp, off street parking pl, swimming pool prkg, parking pvt, private rm, room sec, security or secure sec dep, security deposit sep entr, separate entrance sm, small spac, spacious sq ft or sf, square feet unfurn, unfurnished util, utilities w/d or wd, washer/dryer w/w or w/w cpt, wall-to-wall carpeting wd hkup, washer/dryer hookup yd or yrd, yard
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