Vocabulary for Describing Real Estate and Property Management

Quiz Instructions:
Welcome to this quiz about vocabulary for real estate and property management! This quiz is geared toward intermediate-level students. The quiz consists of multiple choice questions. Please read each question and answer choices carefully. Good luck!

Quiz:

1. What is the difference between a landlord and a tenant?
   A. A landlord is the one who manages the rental property, while a tenant is the one who occupies the rental property.
   B. A landlord is the one who occupies the rental property, while a tenant is the one who manages the rental property.
   C. A landlord is the one who owns the rental property, while a tenant is the one who rents the property.
   D. A landlord is the one who receives the rent, while a tenant is the one who makes the rent payment.

2. What is the meaning of “apartment complex”?
   A. A single large building that contains multiple apartments
   B. A group of small apartments
   C. A large group of buildings that contain multiple apartments
   D. A group of large apartments

3. What is the definition of “mortgage”?
   A. A loan that is used to purchase real estate
   B. A loan that is used to renovate real estate
   C. A loan that is used to refinance real estate
   D. A loan that is used to sell real estate

4. What is the meaning of “property taxes”?
   A. Taxes that are paid by the landlord
   B. Taxes that are paid by the tenants
   C. Taxes that are paid by the owner of the property
   D. Taxes that are paid by the government

Expectations: After finishing this quiz, you should have a better understanding of the vocabulary used in real estate and property management.

Good luck!