Rent
A refundable amount a renter pays in advance to protect the owner against damage or not payment.
security deposit
______ is combining telephone, Internet, and cable TV into one package.
Bundling
A(n) _______ is an individually owned unit in an apartment-style complex with shared ownership of common areas.
condominum
A loan to purchase real estate is called a(n) ______.
Mortgage
The _______ value is used for purposes of computing property taxes owed against a home.
assessed
A rental _______ is a detailed list of current property conditions.
Inventory
The person who rents property is called the _______.
Tenant
A(n) _______ rental contains basic furniture, such as a bed, dresser, sofa, chairs, and dining table and chairs.
Furnished
_______ are the expenses incurred in transferring ownership from buyer to seller in a real estate transaction.
Closing Costs
A(n) _______ loan is a mortgage agreement offered through a commercial bank or mortgage broker that does not have government backing.
conventional
In a housing _______, students share in cooking, cleaning, and maintaining the building.
Co-op
The _______ is the owner of the property that is rented or leased.
Landload
A(n) ______ is a building with two separate living units that share a common central wall.
Duplex
A rejection of an original offer with a listing of what terms would be acceptable is called a(n) _____.
seller's counteroffer
______ are conditions that limit a buyer’s liability in case one or more of them are not met.
Contingencies
The landlord is also known as the _______ when signing a lease.
lessor
_______ is the legal process of removing a tenant from rental property.
Eviction
Buildings that contain many small rooms for on-campus student housing are called _______.
Dormitories
The difference between the market value of property and the amount owed on it is called _______.
equity
A(n) _______ mortgage is one whereby the interest rate does not change during the term of the loan.
Fixed rate
______ is the process of using another’s property for a fee.
Renting
A(n) _______ is a written agreement to rent property at a certain price for a specified time period.
Lease
With a(n) ______ option, you rent furniture with the option to buy.
Rent-to-Own
The value given a home by a real estate appraiser is called its _____ value.
Appraised
A(n) _______ is the legal document that transfers title of real property.