New to Renters's insurance?
Understanding student coverage without the confusion
Renting in the U.S. can feel overwhelming, especially when you are handed a lease filled with words like “security deposit,” “co-signer,” or “prorated rent.” This glossary helps international F1 students understand the most common rental terms before signing a lease. Use this checklist as a study guide before touring or applying for apartments.
Coverage and terms may vary. Always review your individual policy or consult a licensed agent.
A legal contract between you and the landlord that outlines the rental terms.
The person (you) who rents and lives in the property.
The person or company that owns or manages the property you’re renting.
Money paid upfront to cover possible damages. Usually refundable when you move out, if there is no damage.
Some landlords ask for the first and last month of rent before move-in as a form of protection.
A person who agrees to pay your rent if you cannot. Many international students need one.
The monthly amount you pay to live in the property.
Services such as electricity, water, gas, trash, and internet. These may or may not be included in rent.
A partial rent amount if you move in mid-month, calculated based on the number of days you stay.
An extra charge if your rent is paid after the due date.
A short period (usually a few days) after the due date where no late fee is charged.
A rental agreement that lasts for a specific amount of time, such as 6 or 12 months.
A flexible lease that renews every month. Usually requires 30 days’ notice to move out.
Renting your apartment to someone else temporarily. Usually needs landlord approval.
Ending your lease early. Often comes with fees or penalties.
Legal removal from the property for not following lease rules or not paying rent.
A form used to document the condition of the apartment before you move in. Helps protect your security deposit.
A formal request to the landlord or property manager to fix something.
Optional or required insurance that protects your belongings and liability while renting.
Whether the apartment comes with furniture (furnished) or not (unfurnished).
Some landlords allow international students to rent without a U.S. Social Security Number by using a passport or student visa.
A review of your financial history. If you don’t have U.S. credit, a co-signer or extra deposit may be required.
A check of your legal and rental history. Many landlords do this as part of the application.
A non-refundable fee paid to apply for an apartment. Covers background and credit checks.
The number of people allowed to live in the rental. Set by the lease and local laws.