Chapter 7 Vocabulary

A document outlining a home’s sale price

A legal contract between a landlord and tenant outlining rental terms

A type of home loan

A security deposit agreement

A refundable amount paid to cover damages beyond normal wear and tear

A monthly rent payment

A fee for moving into an apartment

A non-refundable landlord fee

A person who rents an apartment from someone else

The owner of a rental property who leases it to tenants

A real estate agent helping people buy houses

A legal official handling eviction cases

A person who owns a rental property

A person who rents an apartment or house from a landlord

A person who provides mortgage loans

A person who manages rental properties

The process of finding a new tenant

A legal process of removing a tenant from a rental unit

A security deposit refund

A lease renewal

A person who manages rental properties

A person who signs a lease and is responsible if the tenant fails to pay

A landlord’s legal representative

A tenant’s roommate

A non-refundable payment for pet food

A fee paid by tenants with pets to cover potential damage

A monthly rent increase for tenants with pets

A tax on pet ownership in rental properties

A contract between a landlord and tenant

A loan used to purchase a home, typically repaid over time

A fee for renting an apartment

A home insurance policy

The total cost of a home purchase

An upfront payment made by the buyer, usually a percentage of the home’s price

The monthly mortgage payment

A tax on home purchases

Additional expenses paid at the time of home purchase, including loan fees and title insurance

The total cost of a home purchase

The principal loan amount

The interest rate on a mortgage