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Explain the purpose and value of a lease for both the renter and the landlord. Distinguish between periodic tenancy and tenancy for a specific time

  1. Explain the purpose and value of a lease for both the renter and the landlord.
  2. Distinguish between periodic tenancy and tenancy for a specific time when renting housing.
  3. What steps are involved with agreeing to terms with a seller?
  4. Distinguish among loan estimate, closing disclosure, and uniform settlement statement.
  5. Identify the two ways that home buyers build equity in their property.

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