| A | B |
|---|
| studio | apartment for one person where kitchen, bedroom and livingroom are in one |
| condominium | individual ownership of a unit along with common areas w dues |
| town house | 2-storey unit attached at side walls |
| duplex | a building with 2 separate units and individual outside doors |
| mobile home | trailer, home with wheels but not recreational |
| utilities | water, electricity, heat/cooling costs |
| mobility | ease of moving |
| contingency | contract is valid only if certain conditions are met |
| mortgage | bank loan for a house that pledges the house as security |
| earnest money | when offering to buy a house, some payment by check to indicate seriousness |
| down payment | cash payment made before the loan to lower the loan amount |
| closing costs | special costs to finish the mortgage agreement |
| PITI | principal, interest, taxes, insurance-- all involved in the cost of a loan |
| escrow | money held aside in a special account for a specific purpose |
| furnished | with furniture |
| unfurnished | without furniture |
| evict | legally forced to leave |
| discriminate | not giving the same rights because of a person's sex, race, nationality, etc |
| security deposit | amount of money held by the landloard to cover the cost in case of damages by the tenant |
| sublet | when a tenant gets someone else to take over his lease |
| appreciation | gain in value |
| vacate the premises | leave the housing |
| terms of a lease | legal requirements of a lease |
| dwelling | place to live |
| give notice | send a letter to the lessor about your intention to vacate |
| fixed term lease | rent can't be raised within the length of the lease |
| building code violation | breaking the law of requirements necessary for life |
| landlord | lessor or owner of an apartment |
| lessee | person who wants to rent an apartment |
| row house | one story units with common wall |
| co operative | buy a share in a building; owned by a corporation |
| tenant | person who is renting or lives in an apartment (children) |
| untenantable | unlivable, so a problem that prevents you living there |
| waive | exclude, doesn't count |
| terminate | end |
| refundable | can get money back |
| unrefundable | can't get money back |
