Chapter 12 Questions

Unfurnished rentals are usually lower in rent than furnished rentals.

• True

• False

Renting a moving truck for a local move is just as expensive as moving across the state.

• True

• False

Utility companies often require new customers to pay a deposit, which is usually refundable when their credit has been established.

• True

• False

Both a lease and a month-to-month rental agreement are legally binding when signed.

• True

• False

It is necessary to give at least 30 days' notice if you intend to move out of your rented residence; otherwise, you may lose all or part of your deposit.

• True

• False

Most people begin their independent lives as homeowners.

• True

• False

A major disadvantage of apartment living is the lack of privacy.

• True

• False

Most apartments have more space than the average duplex or house.

• True

• False

It is important to determine if potential roommates have compatible personalities and living habits.

• True

• False

Generally, the larger the apartment, the more rent you will pay.

• True

• False