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20 Cards in this Set

  • Front
  • Back
dormitory
an on-campus building that contains many small rooms that are rented out to students
co-op
available on many large campuses; you get a room similar to a dormitory room at a lower cost but with added responsibilities
studio apartment
also known as an efficiency apartment; has one large room that serves as the kitchen, living room, and bedroom
townhouse
a living space that has two or more levels
duplex
a building with two separate living units; usually both living areas are the same with separate entrances
condo
an individually owned unit in an apartment-style complex with shared ownership of common areas
security deposit
a refundable amount paid in advance to protect the owner against damage or nonpayment
furnished rental
rental housing that provides the basics (bed, dresser, sofa, chairs, lamps, dining table & chairs, essential appliances)
unfurnished rental
rental housing that may or may not include basic kitchen appliances
rent-to-own option
situation where you may rent (furniture, for example) with an option to buy
bundling
combining services into one package
renting
the process of using another person's property for a fee
landlord
the owner, or owner's representative, of rental property
tenant
a person who rents property, the renter
lessor
another name for the landlord
lease
a written agreement that allows a tenant to sue property for a set period of time at a set rent payment
lessee
person who will take possession of the property
rental agreement
a written agreement that allows you to leave anytime as long as you give the required notice
rental inventory
a detailed list of current property conditions
eviction
the legal process of removing a tenant from rental property