WorksheetsL10 Day 2 Rental/Lease Agreements
Total questions: 12
Worksheet time: 8mins
Month-to-month lease: This lease doesn't have a set end date. Choose the statement that best describes this kind of lease.
It continues without a fixed end date and renews each month.
It must end exactly one year after it starts.
It ends automatically after six months.
It can never be changed once signed.
Month-to-month lease: You or the landlord can stop the lease at any time. Who is allowed to end this lease arrangement?
Only the landlord
Only the tenant
Either the tenant or the landlord
A court only
Month-to-month lease: You just need to give a warning about 30 days before. What is the typical notice period required to end this lease?
About 7 days
About 14 days
About 30 days
About 90 days
Month-to-month lease: Month-to-month leases are typically more expensive. Compared to fixed-term leases, how are month-to-month leases usually priced?
They are typically more expensive.
They are typically less expensive.
They are always the same price.
They do not require any payment.
What's in a Lease Agreement? Rent: amount you need to pay every month. What does “Rent” mean in a lease?
A refundable fee to cover possible damage
The monthly payment for living in the property
A rule about how many people may live in the home
A penalty for ending a lease early
What's in a Lease Agreement? Security Deposit: this is money you pay at the beginning to cover any potential damage to the property. What is a security deposit?
A monthly fee for parking
A one-time payment at move-in to cover potential damages
A tax charged by the city
A discount on the first month’s rent
What's in a Lease Agreement? Occupancy: refers to who can live in the rental home. What does “Occupancy” specify?
The amount of rent due each month
The total cost of utilities
Who is allowed to live in the rental unit
The exact date the lease ends
What's in a Lease Agreement? Select all items that are commonly included.
Rent
Security Deposit
Occupancy
Cafeteria menu
A______________is the contract between a tenant and a landlord
Lease
Lessee
Lessor
tenancy
Why is renters insurance important?
It covers the cost of rent if you lose your job
It provides coverage for your personal belongings in case of theft, fire, or damage
It is a requirement for signing a lease
It covers all utilities
What should you do before signing a lease agreement?
Pay the security deposit
Read the agreement carefully and understand all the terms
Decorate your new room
Introduce yourself to the neighbors
