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Renting vs. Owning

Business

9th - 12th Grade

Used 46+ times

Renting vs. Owning
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27 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One reason to buy a home instead of rent a home is:

Homes have the potential to appreciate in value over time

Homes have few maintenance costs

Buying a home requires less money upfront

Buying a home is a more flexible housing option

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John would like to move from the suburbs into the city, but the rent in the city is very high. John has found an apartment he really likes, but he can only afford 60% of the monthly rent. What is the best housing option for John?

Purchasing a home in the city center instead

Rent the apartment anyway

Rent the apartment with a roommate

Purchase a home in the suburbs instead

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following components are commonly found in rental housing agreements EXCEPT:

Whether the renter can have pets in the house

How much the renter will pay

What type of renter's insurance the renter must buy

Which repair types the renter will be responsible for

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are costs associated with owning a car EXCEPT:

Fuel

Insurance

Repairs

Wear & Tear Fees

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are rights of the tenant EXCEPT:

Withhold rent if the landlord doesn't make repairs in a reasonable amount of time

Safe and sanitary premises

No change in terms and conditions of the length of the lease

Paying rent on time

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are responsibilities of the tenant EXCEPT:

Paying rent on time

Taking reasonable care of the property

Giving notice if leaving at the end of the lease

Withholding rent if the landlord doesn't make repairs in a reasonable amount of time

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are the landlord's rights EXCEPT:

Charging extra if the rent is late

Keeping part or all of the security deposit

Charging rent through the length of the lease even if you aren't living on the premises

Making repairs in a reasonable about of time

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