Chapter 21 Financial Management

Dormitory
An on campus building that contains many small rooms that colleges rent to students.
Efficiency Apartment
An apartment with one large room that serves as the kitchen, living room, and bedroom plus a bathroom.
Security Deposit
Refundable amount paid in advance to protect the owner against damage and non payment
Fee
A non refundable charger for a service
Landlord
Owner of a rental property
Tenant
The person who rents the property from a landlord
Lease
A written agreement that allows a tenancy to use property for a specified time period and rent
Eviction
Is the legal process or removing a tenant from rental property