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Turns apartments notice a lease to be a loan. For anybody who is seeking one 12-month rent on a condo that’s $800 a month, you’re generally speaking taking out doors a $9600 loan a person can repay for a length of each and every year. If you’re late, you get a until midnight fee. If you are too late, they’ll claim the loft. So in that sense, We it is really a loan.