Finding an Apartment

Question Answer
Depreciating Asset Something you own that decreases in value over time.
Lease A rental agreement.
Appreciating Asset 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 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.

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