Lease
A contract between a landlord and tenant that sets the rent, term, deposit and rules for using a property.
Also called: rental agreement, lease agreement, rental contract
Related terms
The owner who rents a property to a tenant. Landlords must follow fair housing law and state and local landlord-tenant rules.
A person or business that rents a property from a landlord under a lease.
Money a tenant pays at move-in to cover unpaid rent or damage beyond normal wear. State law often caps the amount and sets deadlines for returning it.
The legal process a landlord uses to remove a tenant, usually for unpaid rent or lease violations. It must go through the courts, and steps and timelines vary by state and city.
A lease where a current tenant rents all or part of its space to another party for some or all of the remaining term. The original tenant usually stays liable, and landlord consent is typically required.