
Renting vs. Owning
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Used 46+ times
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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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