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Renter's Glossary
Credit Report
A detailed account of your credit and repayment history reported by one of three
major credit bureaus.
Eviction
The legal removal of a tenant from property for violating the lease.
Habitable
Housing that is fit to live in. Any rental property should be deemed habitable.
Landlord
A person or business who owns and leases property to others.
Lease
A contract that outlines the responsibilities of a tenant and landlord for a set
period of time.
Month-to-Month Lease
A lease that is valid for one month and, unless specified by either party, is automatically
renewed each month.
Pro-rate
To divide proportionally. If you move in or out of rental property during the middle
of a month, the rent will be pro-rated for the days you actually occupy the property.
Renter’s Insurance
Covers a tenant’s stolen or damaged property caused by others or natural disasters.
Security Deposit
An initial payment given to the landlord to cover any unpaid rent or damages to
the property at the end of a lease. Any money not used is refunded to the tenant.
Tenant
Someone who, with the owner’s permission, has temporary and exclusive use of a building
or part of a building in exchange for rent.
Our Areas

Have another area in mind? No worries — we can provide relocation services anywhere
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Annual Report
Read the details of over 40  highly successful years in the business.
2011 Annual Report
Press Room
Want to see our
press releases? Good for you, you’re doing your homework.
As a market-leading real estate company serving the Mid-Atlantic region, Long &
Foster is committed to providing consumers, members of the media and Realtors with
the most relevant information available on the real estate market,
because we believe
that better real estate information results in better real estate decisions.
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