TERMS
What is Landlord
the person who rents a property from a landlord
what is a tenant
these costs that keep on recurring such as rent, mortgage and electricity bills
ongoing
the company that is providing the insurance
what is insurer
this is a payment method that uses debit cards, notes and coins and by cheque
what is cash
A plastic card that allows you to buy goods by electronically transferring money out of your account into the store's account. It can also be used to obtain cash.
What is debit card
this is a fee you pay to keep the premise while you're application to rent is being processed
reservation fee
When budgeting this expense goes up and down
things that the insurance policy covers
what is inclusions
a term for a purchase of a house or property
what is mortgage
One-off costs for setting up a new place to live
This is used to keep a record of the exact condition of the property before you rent it.
what is condition report
Bond is an example of what cost
what is establishment costs
a compulsory form of insurance for all employers to provide money for any employees injured at work
what is workers compensation
a promise to repair any defects that are in a product
what is a warranty
Money that is lodged with the realestate. It is used to cover any damages or cleaning costs if the rented premises are left in an unsatisfactory condition.
What is bond
this is an option for renting if you would like to share costs, can't pay as much rent and want to share responsibilities
what is a share house
telephone bill is an example of what cost
what is ongoing cost
the amount of money to be paid to receive insurance cover
premium
A group of flat mates need a central fund to pay for incidental costs.
what is a kittty
What amenity is usually covered under a lease agreement but not always
what is water
a table is an example of which type of cost
what is establishment cost
this insurance is compulsory if you own a car
the main federal government welfare agency. It provides financial assistance as well as counsellors and social workers to those in need.
what is centrelink