Apartment and Housing Vocabulary
Addendum An addendum is an additional document not included in the main part of the lease. An addendum contains specific "extra" rules and regulations specific to a particular unit. Addendum's often spell out restrictions on number of guests, water furniture, smoking, kegs, and parking. Agent Fee An agent's fee, also known as a finder's fee, can only be a maximum of one month's rent (and in this market, it will be one month's rent). The fee is for the agent's services, such as marketing and showing the property and managing paperwork. If you rent directly from a landlord, they cannot charge a fee, even if your landlord also happens to be a real estate agent. Amenities Amenities are desirable or useful features of an apartment, often raising its value and cost. Examples of amenities include air conditioning, granite counter tops, access to transportation, parking, square footage, sunlight, pleasant views, storage space...