Rental Agreement Quiz

What is a tenant?

• A person who rents or leases a space from a landlord

• A type of construction equipment

• A legal term for a young adult

• A financial term related to stock markets

What is a landlord?

• A person who owns and rents out buildings or land

• A professional who sells real estate

• A bank that provides mortgage loans

• A tenant who rents a property

In order to rent a place, what may be requested by the landlord?

• Credit report

• Reference from previous landlord

• Proof of income

• All of the above

What is a reference?

• A mention or citation of a source of information

• A person who gives a recommendation

• A direction or instruction to read something

• All of the above

What will the landlord require you to deposit?

• First month's rent

• Security deposit

• Last month's rent

• Pet deposit

What is a security deposit used for?

• To cover potential damages to a rental property

• To increase the property value

• To pay for utilities

• To serve as a booking fee

What happens with the security deposit when the renter moves out?

• It is returned to the renter if there are no damages

• It is kept by the landlord regardless of property condition

• It is used to pay the last month's rent

• It is legally required to be donated to charity

When renting an apartment what will you need to sign?

• A lease agreement

• A purchase agreement

• A roommate agreement

• A job contract

What is a rental agreement?

• A legal document outlining the terms under which one party agrees to rent property from another party

• A contract for purchasing a house

• A document listing the rules of a condominium

• An agreement for borrowing a book

What is another name for a rental agreement?

• Lease

• Mortgage

• Deed

• Title