Renting or buying a property

The agreement between a renter and a landlord is:

• Security Deposit

• Mortgage

• Lease

• Deed

Buying a home will usually have less costs than renting.

• True

• False

A common disadvantage of buying a home is:

• Few financial benefits

• Limited mobility

• Restrictions on decorating and having pets.

• Conditions in the lease.

The amount of a mortgage a person can afford is affected by:

• The location of the house

• Her or his income

• The cost of insurance

• Her or his age

A larger down payment will reduce the amount of the mortgage needed.

• True

• False

A roomate may reduce the financial burden of renting an apartment.

• True

• False

A lease is designed to protect the rights of both the tenant and the landlord.

• True

• False

Which of the following is not a basic need? 

• Pool
• Roof
• Bathroom
• Kitchen

Personal qualities that people possess, including creativity, knowledge, skills, time, and experience. 

• Human Resources
• Renter's Insurance
• Closing Cost
• Material Resources

An advantage of a new home is __________. 

• Clean
• Unique
• Character
• More space for your $