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Match the Options Below with the Correct Phrases

question 103

Multiple Choice

Match the options below with the correct phrases:
-line department


Definitions:

Lessor

A lessor is a person or entity who leases or rents property to another, known as the lessee.

Tenant

An individual who rents or leases a space, such as an apartment or office, from a landlord.

Mortgage

A legal agreement in which a borrower agrees to repay a lender over time, secured by real property as collateral.

Closing Costs

Expenses over and above the price of the property in a real estate transaction, such as taxes, attorney's fees, and title insurance.

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