home ownership

A policy that covers a renters personal property against loss by theft, fire, or other hazards. 

• Security Deposit
• Equity 
• Renter's Insurance
• Principal

Fee that covers the cost of any future damage the renter might cause to the unit. 

• Material Resources
• Renter's Insurance
• Security Deposit
• Interest

This type of mortgage changes based on the market. The interest rate may increase or decrease each year. 

• Adjustable rate
• Conventional
• Graduated

Mortgages are generally for ____ to ______ years. 

• 5-10
• 10-20
• 15-30
• 15-20

The contract between a tenant and a landlord

• Rental agreement
• Lease
• Deed

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

You find a box of kittens on the side of the road you want to bring them home but your landlord doesn’t allow pets. This is an example of which of the following:

• Advantage to owning a home

• Advantage to renting a home

• Disadvantage to owning a home

• Disadvantage to renting a home

Tags

CCSS.RL.11-12.9

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

You don't have to ask paint your room a bright neon orange color. This is an example of which of the following:

• Advantage to owning a home

• Advantage to renting a home

• Disadvantage to owning a home

• Disadvantage to renting a home

Tags

CCSS.RL.11-12.9

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

Leaky toilet! Call the landlord to fix it. This is an example of which of the following:

• Advantage to owning a home

• Advantage to renting a home

• Disadvantage to owning a home

• Disadvantage to renting a home

Tags

CCSS.RL.11-12.9

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

Which of the following should you find out before agreeing to rent an apartment?

• are pets allowed
• late fees
• when is rent due
• all of the above

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

5.  A benefit of owning a home is that it is an investment in your future.

• True
• False