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20 Cards in this Set
- Front
- Back
dormitory
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an on-campus building that contains many small rooms that are rented out to students
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co-op
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available on many large campuses; you get a room similar to a dormitory room at a lower cost but with added responsibilities
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studio apartment
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also known as an efficiency apartment; has one large room that serves as the kitchen, living room, and bedroom
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townhouse
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a living space that has two or more levels
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duplex
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a building with two separate living units; usually both living areas are the same with separate entrances
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condo
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an individually owned unit in an apartment-style complex with shared ownership of common areas
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security deposit
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a refundable amount paid in advance to protect the owner against damage or nonpayment
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furnished rental
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rental housing that provides the basics (bed, dresser, sofa, chairs, lamps, dining table & chairs, essential appliances)
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unfurnished rental
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rental housing that may or may not include basic kitchen appliances
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rent-to-own option
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situation where you may rent (furniture, for example) with an option to buy
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bundling
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combining services into one package
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renting
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the process of using another person's property for a fee
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landlord
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the owner, or owner's representative, of rental property
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tenant
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a person who rents property, the renter
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lessor
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another name for the landlord
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lease
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a written agreement that allows a tenant to sue property for a set period of time at a set rent payment
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lessee
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person who will take possession of the property
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rental agreement
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a written agreement that allows you to leave anytime as long as you give the required notice
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rental inventory
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a detailed list of current property conditions
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eviction
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the legal process of removing a tenant from rental property
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