Personal Finance Ms. Williams Fall 2013.   This is a person who works for the owner in regards to finding and screening tenants, collecting rent, maintaining.

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Presentation transcript:

Personal Finance Ms. Williams Fall 2013

  This is a person who works for the owner in regards to finding and screening tenants, collecting rent, maintaining the property, securing the property, and responding to tenant’s needs and complaints. QUESTION #1

  This is a contract specifying the legal responsibilities of both the tenant and the landlord. This contract lasts for a specified period of time (usually one year). QUESTION #2

  This is a month to month agreement that is not in writing. They offer flexibility but are risky in terms of rent increases and the possibility of being asked to move at any time. QUESTION #3

  This is a short written format which is less formal and easier to understand than a lease. It allows individuals to rent month to month and changes may be made be the renter. QUESTION #4

  This is a document used by landlords and property managers to determine if a person’s credit history, financial stability, references, and other factors make them a worthy candidate for the rental unit. QUESTION #5

  This is money paid before moving into a living space to the landlord or property manager. The money is to be used for repairs or damage done to the space beyond the normal wear and tear expected. QUESTION #6

  Payment made in exchange for occupying another’s land or property. QUESTION #7