Chapter 32 Test Review

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A condition that must be satisfied before a contract is binding.

Purchased when you do not pay the full 20% down payment.

Protects your belongings due to an event such as a fire, tornado, or theft.

A fee paid for the maintenance and use of common space in a neighborhood or complex.

Cash deposit that you pay towards a home.

A bank loan for a home.

Guarantees the property against mechanical failures after purchasing a home.

Legal agreement stating rules and responsibilities for renting property.