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Rent Unit Vocabulary

Authored by Wayground Content

English

12th Grade

Rent Unit Vocabulary
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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What is a Co-Signer?

A person who signs a loan agreement to help another borrower qualify for a loan.

A type of insurance policy for borrowers.

A legal document that outlines the terms of a loan.

A financial advisor who helps individuals manage their debts.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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What are the services provided by utilities?

Utilities

Transportation

Entertainment

Education

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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What is the term used for a contract that allows one party to use another party's asset for a specified period in exchange for payment?

Lease

Mortgage

Deed

Title

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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What is the term used to describe a plan for managing income and expenses?

Budget

Forecast

Balance Sheet

Investment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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What is a Security Deposit?

A fee paid to secure a rental property

A payment made for property insurance

A sum of money held as collateral for damages

A charge for late rent payments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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What is the term for the legal process of removing a tenant from rental property?

Eviction

Foreclosure

Repossession

Garnishment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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What is the term for a person who owns and rents out property?

Tenant

Landlord

Realtor

Property Manager

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