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Finding an Apartment

TermDefinition
Depreciating Asset something you own that decreases in value over time
Appreciating Asset something you own that increases in value over time
Lease a legal document that contains the rent amount and the responsibilities of the landlord and tenant
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 that the tenant makes to the landlord
Security Deposit a sum of money held by the landlord to cover any damage caused by a tenant
Tenant the person renting the apartment
Term the length of a rental agreement
Utilities services needed to make a house or apartment functional
Created by: tmikels52
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