Buying vs Renting Part 2

Condominium's typically have association fees in addition to the taxes and Insurance requirements.

• True

• False

Renting a house typically requires a deposit commitment equal to one or two months rent.

• True

• False

You can rent most apartments with no money down for deposit.

• True

• False

If you have or desire to have children and pets you should more than likely

• Rent

• Buy

New houses typically need several repairs before moving in

• True

• False

The quality of the schools zoned to a neighborhood dramatically affect the property value.

• True

• False

Your rental budget should be 38% of your gross monthly income

• True

• False

The higher the taxes and insurance requirement in a neighborhood the less affordable monthly mortgage the buyer can afford

• True

• False

An apartment lease is designed to protect the interest of the Landlord

• True

• False

At the end of the lease, the renter, must clean the apartment, and leave it in the exact condition received, or forfeit some or all of their security deposit.

• True

• False