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Room and board is a phrase describing a situation in which, in exchange for money, labour or other considerations, a person is provided with a place to live as well as meals. It commonly occurs as a fee at higher educational institutions, such as colleges and universities; it also occurs in hotel-style accommodation for short stays.
All cadets and midshipmen receive taxable pay at a rate of 35% of an O-1 under two years of service (which can be used to pay for textbooks and uniforms), free room and board, and pay no tuition or fees, with the exception of USMMA who receive taxable pay at US$1,217.10 a month only during their required 300+ days at sea during their four-year ...
One of the last remaining textile mill boarding houses in Lowell, Massachusetts, on right; part of the Lowell National Historical Park. A boarding house is a house (frequently a family home) in which lodgers rent one or more rooms on a nightly basis and sometimes for extended periods of weeks, months, or years.
The tenancy agreement for real estate is often called a lease, and usually involves specific property rights in real property, as opposed to chattels. In addition to the basics of a rental (who, what, when, how much), a real estate rental may go into much more detail on these and other issues.
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