Financial Literacy Ch 8 Vocabulary Review

A person with whom you share living space, living expenses, and other responsibilities.

• roommate
• shared responsibility
• living habits
• security deposit

Two or more people who each agree to bear a portion of an obligation.

• roommate
• shared responsibility
• living habits
• security deposit

Your daily routine, or the way you choose to live your life.

• roommate
• shared responsibility
• living habits
• security deposit

A refundable amount paid to cover damages to property caused by a tenant.

• roommate
• shared responsibility
• living habits
• security deposit

The act of making a plan and carrying it out to ensure that an event takes place.

• logistics
• contract
• consideration
• lease

A legally binding agreement that specifies the rights and duties of each party to the agreement.

• logistics
• contract
• consideration
• lease

Something of value exchanged for something else of value.

• logistics
• contract
• consideration
• lease

A written agreement that allows a tenant to use property for a set period of time at a set rent payment.

• logistics
• contract
• consideration
• lease

A written contract that allows you to leave any time as long as you give the required notice.

• rental agreement
• eviction
• property manager
• roommate

The legal process of removing a tenant from rental property.

• rental agreement
• eviction
• property manager
• roommate