Renting an Apartment

In order to rent a place, a landlord may request

• that you own a car

• references and/or a credit check

• medical history

• All of the above

The Security Deposit

• Will never be returned to the tenant

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

• will go toward the rent.

• All of the above.

A rental agreement (click all the apply)

• is a legal contract between the tenant and landlord.

• states how much rent will cost.

• states the length of the rental agreement

• states who is responsible for repairs to the property

Financial experts recommended, when you rent, the amount of rent you pay should not be more

• than 10% of your take home pay.

• than 30% of your take home pay.

• than 40% of your take home pay.

• than 50% of your take home pay.

When you decide to move out of an apartment,

• you can move out anytime you want to without penalty.

• you must move out on the first day of the month.

• you must give the landlord the required noticed stated in the rental agreement.

A rental agreement can also be called a... ( do not write contract)

 When it is time to look for a place of your own, it will be important to think about. (Click all that apply)

• the type of place you need.

• the location of the place.

• how much rent you can afford to pay.

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

• you never visit in person until the day you move in

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

• True

• False

The rental agreement doesn’t have a lot of important details about your responsibilities as a tenant.

• True

• False