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TOEFL ITP Vocabulary - accomodation and real estate

Enhance your English vocabulary words for accommodation and real estate

Vocabulary

Definition

Example

Real estate

Refers to a property in the form of a land or a building

We're going to buy a piece of real estate.

Public Utility

An organization that supplies the public with water, gas, or electricity

The new plan of the government is to support more public utilities.

To move out

To stop living in a particular place

Her landlord has given her a week to move out.

To move in

To go to a different place and begin to live there

Owing to huge rent, student prefer prefer not to move in to a city but rather stay in the outskirts

A hall /corridor

Refers to the room just inside the main entrance of a house, apartment, or other building that leads to other rooms and usually to the stairs

I left my bags in the hall.

An acquisition

The process of acquiring or getting and owning something for example a property, an apartment, a house etc.

The cost of acquisition is far too high in Paris owing to it being the capital of France.

To own

Refers to possessing something like for example a property, apartment etc.

He owns a big apartment in the heart of the city with an amazing view of the Eiffel.

The owner

Refers to a person who owns an appartment or property.

Are you the owner of this flat ?

To rent /to let

To rent refers to moving in to an apartment for a certain sum or money that is to be paid regularly to its owner while to let refers to giving an apartment to someone for a certain period at a fixed price.

I have decided to let out my apartment to a student for a year .

 A renter

Refers to someone who pays a sum or money to live in a house or apartment that is owned by someone else.

The apartment can only lodge students as renters.

A rental agreement

A written agreement that underlines the terms and conditions concerning the use and occupancy of a place and its premises.

The rental agreement included the servicing of the asset if there were any problems experienced during the first 30 days.

A 30-day notice

Refers to the minimum time period to be given to the landlord in advance before moving out from the apartment.

His landlord didn’t return him the deposit paid because he failed to provide a 30 day notice before quitting.

A deposit

Refers to a certain sum paid at the beginning before moving in to an apartment.

As the deposit was too high, I decided not to move in over there and instead chose another place.

An elevator (US) /a lift  (GB)

 Refers to a machine that carries people from one floor of another of a building.

The office was on the tenth floor, so Helen took the elevator.

The premises / facilities

Refers to the land and buildings owned by someone or  by a company or organization

The company is relocating to its new premises.

 

 

 

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TOEFL ITP Vocabulary