Rent, Lease, or Buy

A security deposit covers the rent for the first month when moving into an apartment.

• True

• False

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

CCSS.RI.8.5

A security deposit covers the rent for the first month when moving into an apartment.

• True

• False

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

CCSS.RI.8.3

A ___________ deposit refers to money held to cover possible damage in an apartment.

• Cleaning

• Security

• Telephone

• Utilities

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

CCSS.RI.8.5

The agreement between a renter and a landlord is:

• Security Deposit

• Mortgage

• Lease

• Deed

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.8.5

CCSS.RI.6.5

CCSS.RI.7.5

Buying a home will usually have fewer costs then renting.

• True

• False

Tags

CCSS.RL.11-12.9

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

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

Tags

CCSS.6.EE.B.6

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

• True

• False

A common moving-in cost for an apartment would be:

• A down payment

• Building insurance

• Real estate taxes

• A security deposit

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

CCSS.W.9-10.2D

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

• True

• False

Tags

CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

The home-buying process starts with:

• Locating and evaluating a home.

• Pricing the property.

• Determining homeownership needs.

• Obtaining an appraisal of the property.