Test: Finding a Place to Live

The security deposit:

• will never be returned to the tenant

• will be returned to the tenant after any damages are deducted

• will go towards rent

• all of the above

A rental agreement:

• is a legal contract between the tenant and landlord

• states how much rent will cost

• states the length of the rental agreement

• all of the above

When selecting a place to rent it is important to choose a place that:

• you really want and desire

• fits your needs and is affordable

• you find first

• None of the above

Tags

CCSS.HSA.CED.A.2

CCSS.HSA.CED.A.3

True or False:

It is important to make sure you carefully read a rental agreement before signing it.

• True

• False

The owner of a house or apartment to whom the tenant pays rent to is called the ________.

• Tenant

• Rental Agreement

• Landlord

• Security Deposit

What do you call an amount of money a renter pays to the landlord before moving in?

• down payment

• rental fee

• security deposit

• tax

It is a type of tax a person pays for the property he owns.

• sales tax

• real estate tax

• federal tax

• income tax

It is a legal contract between a renter and the landlord of an apartment.

• lease

• loan

• lien

• none of these

Each person should only spend 25% of his or her monthly income for renting an apartment. If Erikas' monthly income is $ 3,500, what is the most she can pay for rent every month?

• $250

• $ 2.50

• $ 875

• $ 8.75

You found an apartment you really like. the rent is $1200. This is 30% of your monthly income. How much is your monthly income?

• $ 3000

• $ 4000

• $ 4500

• $ 5000