- Net effective rent
- An advertised average that spreads a landlord’s discount, like a free month, across the lease. Gross rent, what you pay in the months that aren’t free, is higher, and renewals usually start from it.
- Gross rent
- The full monthly rent in your lease, paid every month that isn’t free. With a free-month deal it’s higher than the net effective rent many listings advertise.
- Doorman
- Staff at the front entrance who screen visitors, greet residents and often accept packages. Some buildings staff the door around the clock, others only part of the day.
- Walk-up
- A building with no elevator, so you take the stairs. US floors count street level as the first, so a fourth-floor walk-up is usually three flights up, plus any stoop steps.
- Pre-war
- Built before World War II, usually in the early twentieth century. Often known for high ceilings, thick plaster walls and hardwood floors.
- Flex wall
- A temporary divider held in place by pressure, not nailed or screwed into the walls, often used to add a bedroom. Many buildings restrict or ban them, so check with management first.
- Laundry in building
- Shared washers and dryers in the building, usually in a laundry room, typically paid per load. It doesn’t mean a washer and dryer inside your apartment.
- No fee
- You, the renter, don’t pay a broker’s commission for this apartment. Other move-in costs, like the first month’s rent and a security deposit, can still apply.
- Guarantor accepted
- The landlord will consider you with a guarantor: a person or a paid company that covers the rent and other lease charges if you don’t pay. You still owe that money. Each landlord decides which guarantors it accepts.