Reading a Lease

Which statement best describes the parties in this lease?

• Candace Pickles is the renter, Capital Rabbit Properties is the agent, Robin Russo is the owner

• Candace Pickles is the owner, Capital Rabbit Properties is the agent, Robin Russo is the renter

• Candace Pickles is the agent, Capital Rabbit Properties is the renter, Robin Russo is the owner

• Candace Pickles is the renter, Capital Rabbit Properties is the owner, Robin Russo is the agent

How long does this lease last?

• Month-to-month agreement

• 12 months

• 18 months

• 2 years

How much is the monthly rent for this apartment plus its parking space?

• $1200

• $1217

• $2542

• Not stated in this lease

How much money was due at the time of signing this lease?

• $1200

• $1342

• $2400

• $2542

Assuming she hasn’t caused any damage to the apartment, how much money can the resident expect to receive from the owner within a month of moving out?

• None

• $600

• $1200

• $2542

When will the landlord begin charging late fees?

• There are no late fees in the agreement

• The 2nd of each month

• The 6th of each month

• The 16th of each month

Which utilities are included in the cost of the monthly rent payments?

• Security deposit

• Water, sewage, garbage, recycling

• Gas, electric, phone, internet

• Gym membership, laundry facilities, security system

Which statement best describes this apartment’s rules on overnight guests?

• Overnight guests are allowed as long as they stay for over 15 days

• Overnight guests are allowed if they stay fewer than 15 days and the resident is home for the duration

• Overnight guests are allowed, as long as they sign a short-term rental agreement

• Overnight guests are never allowed

If the tenant decides to get a pet turtle 5 months after moving into the apartment, she must take each of the following actions EXCEPT...

• Ask permission at least 15 days in advance

• Pay an additional $750 security deposit

• Add $35 per month onto the rent payment

• Sign a Pet Agreement

According to this lease, the resident also received a copy of each of the following documents EXCEPT…

• Pet Agreement

• Lead Based Paint Disclosure Form

• House Rules

• Parking Agreement