finding an apertment

Term Definition
depreciating asset is something you own that decreases in value over time,
lease a rental agreement
appreciating assets s something you own that increases in value over time
mortagage type of loan used to finance the purchase of real estate
landlord The company or individual who owns an apartment.
security depost A sum of money, usually equal to one month’s rent, held by the landlord to cover any damage to the apartment caused by a tenant.
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 service.
rent The payment, usually monthly, that the tenant pays to the landlord.

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