PFM Chapter 13 Review

Front

Rooms that colleges rent to students at reasonable prices, usually in large complexes.

Back

dormitory

Front

Smallest and least expensive type of apartment, consisting of 1 room that serves as everything.

Back

efficiency apartment

Front

Apartment in a building that houses two separate units.

Back

duplex

Front

Legal contract you sign that gives you the right to live in an apartment.

Back

lease

Front

A renter is also referred to as the _________.

Back

tenant

Front

Owner of rental property.

Back

landlord

Front

Money the landlord holds to cover any damages to rental property.

Back

security deposit

Front

A loan to buy real estate

Back

mortgage

Front

Amount of money you borrow

Back

principal

Front

A specified percentage of the purchase price paid up front

Back

down payment