Renting Vs Housing - notes recap

Which of the following is NOT listed as a place to live?

• House

• Apartment

• Office

• Condo

Which of the following is not a factor that influences a housing decision?

• Weather conditions

• Personal and financial goals

• Transportation options

• School district quality

How does the expected length of stay influence housing decisions?

• It affects the choice of furniture

• It determines the type of lease or mortgage

• It influences the color of the walls

• It impacts the number of bedrooms

Which factor is crucial for determining the affordability of a housing option?

• Real estate prices

• Personal hobbies

• Favorite restaurants

• Vacation destinations

Which of the following is a common cost associated with renting?

• Mortgage payment

• Monthly rent

• Property tax

• Homeowner's insurance

What is typically required upfront when renting a property?

• Security deposit

• Down payment

• Closing costs

• Appraisal fee

Which of the following is specified in a lease?

• Rent amount

• Property tax rates

• Mortgage interest rates

• Home insurance premiums

What is included in a lease concerning security?

• Security deposit amount and specifications

• Security alarm installation

• Security guard services

• Security camera installation

What is one of the duties a landlord may perform?

• Collect taxes

• Perform management duties

• Sell the property

• Build new properties

Who may charge a fee to the landlord for performing management tasks?

• Tenant

• Property manager

• Real estate agent

• Contractor