A person who rents a home from its owner is called what?
AnswerTenant
The tenant pays rent to live in a property owned by a landlord.
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Rent facts & stats
8 fact-checked facts about renting homes, each with the reason behind it. 4 more are in today's round and join this page after it closes.
The basics
Money paid at the start of a tenancy and held against damage is usually called what?
AnswerSecurity deposit
A security deposit is held by the landlord and may cover damage or unpaid rent.
Going deeper
What does it mean to sublet a rental?
AnswerRent it out to another person while you are still the tenant
Subletting is when a tenant rents all or part of their home to someone else.
What is a month-to-month rental?
AnswerA tenancy that renews each month until someone gives notice
Month-to-month tenancies roll over monthly until the tenant or landlord gives notice.
In the UK, what does a 'To Let' sign on a building mean?
AnswerIt is available to rent
'To let' means a property is available for rent.
The word 'rent' comes from Old French 'rente', which meant what?
AnswerIncome
Old French 'rente' meant income or revenue, from a Latin root meaning 'to give back'.
Expert level
In a lease, who is the 'lessor'?
AnswerThe owner who grants the lease
The lessor grants the lease; the lessee is the person who receives it and pays rent.
What is a 'peppercorn rent'?
AnswerA very small, symbolic rent
A peppercorn rent is a tiny nominal payment, used when a lease calls for rent but no real charge is intended.
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