Renting an Apartment Flashcard

Front

What is the proper way to give notice to vacate an apartment?

Back

In writing to the landlord 30 days before vacating.

Front

What must you do when you decide to move out of an apartment?

Back

You must give the landlord the required notice stated in the rental agreement.

Front

What percentage of your take-home pay should your rent ideally not exceed?

Back

30% of your take-home pay.

Front

When is rent typically due if it is $1150?

Back

On the 1st by 5:00 pm.

Front

What is another term for a rental agreement?

Back

A lease.

Front

What is the consequence of not giving proper notice before vacating?

Back

You may lose your security deposit or face penalties as outlined in the rental agreement.

Front

What is a security deposit?

Back

A sum of money held by the landlord to cover potential damages or unpaid rent.

Front

What should you check before signing a lease?

Back

Ensure you understand the terms, including rent amount, due date, and notice requirements.

Front

What is the purpose of a rental agreement?

Back

To outline the rights and responsibilities of both the landlord and tenant.

Front

What is a common reason for eviction?

Back

Failure to pay rent on time.