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Real Estate Vocabulary
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landlord
a person or company from whom you rent a room, a house, an office, etc.
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rent
an amount of money that you regularly pay so that you can use a house, room, etc.
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lease
a legal agreement that allows you to use a building, a piece of equipment or some land for a period of time, usually in return for rent
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property
a thing or things that are owned by somebody; a possession or possessions
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represent
to act on behalf of someone or in his or her interest
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property management
the process of overseeing a rental property for someone who owns it
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tenant
a person who pays rent for the use of a room, building, land, etc. to the person who owns it
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owner
someone who possesses something or has the legal right to it
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purchase
to buy something
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responsibility
a duty to deal with or take care of somebody/something, so that you may be blamed if something goes wrong
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real estate
property in the form of buildings and land
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seller
someone who ones something and trades it in exchange for money
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party
a person, group or other entity in an agreement or transaction
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negotiate
to try to reach an agreement by formal discussion
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