Real Estate Flashcards
A person who rents out property to others.
Landlord
The landlord raised the rent, which caused some tension among the tenants.
A person who rents or occupies a property.
Tenant
As a tenant, you should respect the property and its rules.
A legal contract that allows someone to use property for a specified period.
Lease
We signed a one-year lease for the apartment.
A loan used to buy property, typically repaid over several years
Mortgage
Paying off a mortgage can take many years.
Money used to purchase property with the expectation of making a profit.
Investment
Example: Real estate can be a lucrative investment.
Having plenty of space.
Spacious
The spacious kitchen is perfect for cooking and entertaining.
Warm and comfortable.
Cosy/Cozy
Their cozy cottage is nestled in the woods.
Within one’s budget; reasonably priced.
Affordable
Finding an affordable home in this city can be challenging.
Extremely comfortable and elegant.
Luxurious
The penthouse suite offers a luxurious living experience.
Relating to the countryside or a rural area.
Rural
The rural landscape is breathtaking.
In a state of disrepair or ruin.
Dilapidated
Example: The old, dilapidated house needs extensive renovation.
To repair or improve a property.
Renovate
Renovating an old building can be a costly endeavor.
To put money into property or other ventures with the expectation of making a profit.
Invest
Investing wisely is key to building wealth.
To discuss terms and conditions, typically in a real estate transaction.
Negotiate
Skilled negotiators can secure better deals.
To move to a different location.
Relocate
They decided to relocate for better job opportunities.
To take possession of a property when the owner fails to make mortgage payments.
Foreclose
The bank had to foreclose on the property due to non-payment.
To start living in a new home.
Move in
Example: They plan to move in next week.
To withdraw from a commitment or agreement.
Back out (of a deal)
The buyer backed out of the deal at the last minute.
To improve the condition of a property.
Fix up:
They decided to fix up the old farmhouse.
To inspect or examine a property.
Check out:
Let’s check out the neighborhood before making a decision.
To get a good bargain.
Score a deal: Colloquial phrase
They scored a great deal on that house.
The process of searching for a new home.
House-hunting:
We’re going house-hunting this weekend.
The genuine or authentic thing.
The real McCoy:
This historic cottage is the real McCoy.
Having a place to live.
A roof over one’s head
All they wanted was a roof over their heads.
