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The ABC’s of HOUSING VOCABULARY

The ABC’s of HOUSING VOCABULARY. Apartment Guide. BOOKS TO LOOK IN FOR AN APARTMENT. APPRECIATE. TO GO UP IN VALUE. BUY. TO PURCHASE. CABLE READY. WIRED FOR CABLE TV. CAREFULLY. READ THE LEASE. CONDOMINIUM. IT MAY LOOK LIKE AN APARTMENT, BUT YOU BUY IT. CREDIT CHECK.

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The ABC’s of HOUSING VOCABULARY

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  1. The ABC’s of HOUSINGVOCABULARY

  2. Apartment Guide • BOOKS TO LOOK IN FOR AN APARTMENT

  3. APPRECIATE • TO GO UP IN VALUE

  4. BUY • TO PURCHASE

  5. CABLE READY • WIRED FOR CABLE TV

  6. CAREFULLY • READ THE LEASE

  7. CONDOMINIUM • IT MAY LOOK LIKE AN APARTMENT, BUT YOU BUY IT

  8. CREDIT CHECK • A CHECK ON YOU TO SEE IF YOU PAY YOUR BILLS ON TIME

  9. DUPLEX • TWO APARTMENTS/CONDOS ATTACTED TO EACH OTHER

  10. EFFICIENCY/STUDIO • ONE ROOM APARTMENT

  11. EVICT • TO LEGALLY FORCE YOU TO LEAVE

  12. FLOOR PLAN • ARRANGEMENT OF ROOMS

  13. HIGH RISE • A BUILDING MANY STORIES TALL

  14. INSPECT • TO LOOK OVER VERY CAREFULLY BEFORE YOU RENT OR BUY

  15. INTERNET • YOU CAN USE THE COMPUTER TO FIND A HOUSE OR APARTMENT

  16. LANDLORD • OWNER OF THE BUILDING

  17. LATE FEE • CHARGED IF RENT IS LATE

  18. LENGTH OF LEASE • HOW LONG YOU CAN STAY IN THE APARTMENT

  19. LEASE • LEGALLY BINDING DOCUMENT FOR AN APARTMENT • STATES RENT, LENGTH OF TIME & CONDITIONS

  20. LOCATION • LOCATION, LOCATION, LOCATION • 3 MOST IMPORTANT RULES WHEN BUYING A HOUSE

  21. MAINTENANCE • UPKEEP ON PROPERTY • CUTTING GRASS, SHOVELING SNOW

  22. MANAGER • TAKES CARE OF BUILDING

  23. MORTGAGE • A LARGE AMOUNT OF MONEY YOU BORROW TO BUY A HOUSE • YOU REPAY IT EACH MONTH, OFTEN FOR 30 YEARS

  24. PETS • USUALLY NOT ALLOWED IN APARTMENTS

  25. PREMISES • LAND OR BUILDING

  26. REAL ESTATE SECTION • SECTION OF THE NEWSPAPER TO LOOK FOR APARTMENTS OR HOUSES

  27. REMODEL • CAN CHANGE THINGS IN A HOUSE TO SUIT YOURSELF

  28. RENT • MONEY YOU PAY TO LIVE SOMEWHERE

  29. RENTER’S INSURANCE • INSURANCE FOR THINGS IN YOUR APARTMENT • JEWELERY, COMPUTER…

  30. SECURITY DEPOSIT • MONEY HELD IN CASE YOU DAMAGE THE APARTMENT • RETURNED IF NO DAMAGE

  31. SUBLET • TO RENT YOUR APARTMENT TO SOMEONE ELSE FOR THE REST OF YOUR LEASE • USUALLY NOT ALLOWED

  32. TENANT • RENTER

  33. TOWNHOUSE • APARTMENTS OR HOUSES CONNECTED TO EACH OTHER

  34. UTILITIES • WATER, GAS, ELECTRICITY • USUALLY NOT INCLUDED IN RENT

  35. WAIVER • SIGN AWAY YOUR RIGHTS

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