Renting Vocabulary

Renting Vocabulary

Lesson on vocabulary for renting in English

Mortgage

noun

noun: mortgage; plural noun: mortgages

a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

"I put down a hundred thousand in cash and took out a mortgage for the rest"

Loan

noun

noun: loan; plural noun: loans

a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.

"borrowers can take out a loan for £84,000"

Interest rate

noun

noun: interest rate; plural noun: interest rates

the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

"reduced interest rates encourage people to spend money on home improvements"

Installments

noun

plural noun: installments

1.

a sum of money due as one of several equal payments for something, spread over an agreed period of time.

"the first instalment of a grant for housing"

Real Estate Agent

nounBritish

noun: estate agent; plural noun: estate agents

a person whose job involves selling and renting out buildings and land for clients.

Garden

n. an area of land next to a house or other building on which grass and other plants can be grown; yard^USIt's got a really nice garden with plenty of trees and flower beds.

Let

v. [let, let] to give someone who pays money ("the rent") the use of your property (house, apartment, building etc) If you decide to let your apartment, I'd suggest letting it to someone without kids or pets.

RENT

This is the money paid every month to live in property. e.g Apartment/Flat or House

BUDGET

This is a limited amount of money allowed for rent.

Roommate

a person occupying the same room as another. Or a person occupying the same flat or house as another.

Landlord

a person or organization that owns and leases apartments to others. a person who owns and leases land, buildings, etc. a person who owns or runs an inn, lodging house, etc.

Tenant

a person who occupies land or property rented from a landlord.

Deposit

1. a sum of money paid into a bank or building society account."cash funds which are an alternative to bank or building society deposits"

2. a sum payable as a first instalment on the purchase of something or as a pledge for a contract, the balance being payable later."we've saved enough for a deposit on a house"

a returnable sum payable on the hire or rental of something, to cover possible loss or damage."a refundable €100 deposit is payable on arrival at the villa"

Furnished

(of accommodation) available to be rented with furniture.

"a full-sized, fully furnished apartment"

Unfurnished

(especially of a house or flat available for rent) without furniture.

"an unfurnished apartment"

Lease

a contract by which one party (owner) conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment.

"a six-month lease on a house"

Utilities

Utilities mean useful features, or something useful to the home such as electricity, gas, water, cable and telephone. Examples of utilities are electricity and water.