Reading a Lease

What is the amount a tenant pays to live at a rented residence?

• payment

• mortgage

• security deposit

• rent

Who is the person renting the residence?

• renter

• landlord

• tenant

• property manager

Who is the person renting a residence out to others?

• landlord

• property manager

• renter

• tenant

What happens when the tenant does not follow the terms in the lease?

• they get a warning

• they get evicted

• they are asked to resign the lease

• they are forced to pay double the rent

What type of insurance should be considered for purchase by tenants?

• renters insurance

• homeowners insurance

• auto insurance

• disability insurance

What document is signed by both the landlord and tenant before a move-in day?

• contract

• payment schedule

• eviction notice

• lease

What type of payment is usually required to be paid by the tenant before moving in and is equal to 1 months rent?

• security deposit

• first months rent

• last months rent

• down payment

Which of these are components to a legal contract? (select all that apply)

• offer

• written consent

• consideration

• signature

• acceptance