Standard 10 Renting Vs. Buying Review

A  room or suite of rooms designed as a residence and generally located in a building occupied by more than one household.

(a)  

A building complex in which units of property, such as apartments, are owned by individuals and common parts of the property, such as the grounds and building structures, are owned jointly.

(a)  

A structure serving as a dwelling for one or more persons, especially for a family.

(a)  

A person who owns property and rents it to another.

(a)  

A written contract specifying the terms for the use of an asset and the legal responsibilities of both parties to the agreement, such as a property owner and tenant.

(a)  

A periodic payment for a place to live.

(a)  

A person who pays rent; the legal name for a renter.

(a)  

A basic service such as electricity, gas, water, or telephone.

(a)  

Costs paid when buying a house or real estate.

(a)  

The part of the purchase price paid in cash up front, reducing the amount of the loan or mortgage.

(a)