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Personal and Family Finance Unit 8
fees paid by the buyer or seller at the time the purchase of the house is finalized
the legal document by which the title is transferred from one person to another
initial cash payment paid when buying an item on credit
the difference between the value of property and the amount owed for that property
a legal proceeding in which the creditor either sells or repossesses property for failure to repay a debt
a legal document a lessee signs when agreeing to rent housing for a specified period of time; also for an automobile
someone who pays rent to use or occupy property owned by someone else; also known as tenant
a person who owns a property and rents it to someone else; also know as landlord
a claim upon property to satisfy a debt
long term home loan
a fee paid by a lessee/tenant to cover the cost of any future damage that may be caused to the unit
to move out of a rental unit before the lease is up and rent the unit to someone else while retaining legal responsibility for the lease
legal document showing ownership of a vehicle