Vocabulary
Types of Housing
Renting Rights and Responsiblities
Financing a House
100
taxes paid on land buildings
What is a Real Estate Tax
100
A house of two or more floors with a front yard and back yard but with common side walls
What is a Town house
100
a person that has full rights to some privacy from a landlord but must follow certain rules stated in the lease
What is a tenant
100
something you have to pay after a down payment on a house
What is mortgage
200
to decline in value over time
What is to depriciate
200
a house that is seperate from neighboring homes and has some land around it
What is a single family house
200
a person that has no right to come into a place you're renting except for when they are making simple repairs
What is a landlord
200
another word for a mortgage
What is a closing cost
300
the owner of a vehicle must pay this fee to be able to use the vehicle.
What is a registration fee
300
a single unit in an apartment building or in a series of town houses.
What is a condominiums
300
a thing renters sign that contains several clauses.
What is a lease
300
the fee paid to lenders and computed as a percentage of theload
What is points
400
insurance that pays for bodily injury and property damage.
What is liability insurance
400
you own equal shares in in the company that owns the apartment building
What is a coopertive apartment
400
these have to be installed buy a landlord before a tenant can rent.
What is a fire escape and smoke detectors
400
a lease usually last for this long
What is 1-3 years
500
the amount of money invested in the property minus the debt
What is equity
500
popular forms of low-cost housing
What is a mobile home
500
if a tenant plans to move they must give this in advance before they can leave
What is a notice or formal warning
500
money renters give to the owner if the rent is not paid or the apartment in damged.
What is security deposit
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