Renting an Apartment

What is an application fee?

• $25
• Its for a background check and credit check
• To make sure no one else get the apartment
• To give away money

What is an security deposit?

• It is money to be used to fix anything that tentant has broken in the apartment

• Money to secure the apartment

• Money for police services

• Money for a rental cop

How much is an application fee?

• $25- $65

• $1500

• $100

• Based on your credit score

Most authorities claim that what percentage of your monthly pay is the safe amount to spend on housing?

• 10-20%

• 30%

• 40%

• 50%

Unless stated differently, most leases are for how long?

• 2 years
• 1 year
• 5 years
• 10 years

When a landlord gives a written notice to take possession of a property, you are being ...

• Forclosed
• Bankrupt
• Evicted
• Arrested

Which of the following would NOT be considered a major utility in a rental agreement?

• Electric Bill
• Heating Bill
• Water and Sewer Bill
• Grocery Bill

Unless otherwise noted, rent is typically due when?

• Last day of the month
• First day of the month
• Middle of the month
• Anniversary of the day you moved in

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

A written contract specifying the terms for the use of an asset is called: 

• lease
• paper
• signing your life away
• loose

The name for a renter is:

• landlord
• rentee
• tenant
• lease