finding an apartment

Term Definition
DEPRECIATING ASSET something you own that decreases in value over time,
LEASE It lays out the terms for the property you'd like to rent
APPRECIATING ASSETS something you own that increases in value over time.
MORTGAGE a type of loan used to finance the purchase of real estate.
landlord The company or individual who owns an apartment
rent The payment, usually monthly, that the tenant pays to the landlord
security deposit A sum of money, usually equal to one month’s rent, held by the landlord to cover any damage to the apartment
tenant The person renting the apartment.
term The length of a rental agreement, usually a period of one year.
utilities Services needed to make a house or apartment functional, such as hot water, electricity, natural gas, and cable and Internet

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