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PFHS Terms Housing Part 2

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Landlord/LessorA person who owns a property and rents this property to someone else.
LeaseThe written and signed legally binding document that is between the landlord/ lessor and the tenant/lessee
LoanTo borrow a sum of money or item of property in exchange for future repayment of the principal (original) amount along with interest.
Limited warrantyWarranty limited to just the specified parts, certain types of defects, or other conditions on a product.
LineA series of points connected to form a narrow path.
MortgagePayment made on a home loan to the bank or lender
Multi-family homesStructure that house more than one family. Each family lives in separate units.
PatternRepetition of an element, or elements, in design.
ProportionDescribes how separate parts relate to each other and to the whole in size.
RhythmCharacterized by how the eye is carried through a regular pattern produced by design elements.
Security depositThe amount of money paid for beginning the rental process added to the first month’s rent. This fee is for damages to the property after the tenant leaves the premises.
ShapeThe outline that forms when one or more lines come together to enclose an area.
Single-family homesA structure that houses only one family.
SpaceThe area inside and outside a shape.
SubletA tenant can rent the apartment to someone else if leaving the rental before the lease is expired.
Tenant/LesseeOne who pays rent to occupy property owned by another person.
TextureDescribes the surface characteristics that determine the look and feel of an object.
Universal DesignDesign that is accessible and inclusive to everyone: people with disabilities, people without disabilities, and the elderly.
Veteran’s Administration MortgagesThe Veteran’s Administration guarantees loans by private lenders to qualifying veterans
Zoning regulationsProperty is zoned by commercial and residential, restricting where homes may be built.


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