Personal Finance - Renting An Apartment

Dormitories, apartments, fraternity or sorority houses, and housing cooperatives are all examples of __________ housing

• On-campus

• Off-campus

• 
  

Apartments, duplexes and multiplexes, condominiums, and rental houses are all examples of __________ housing.​

• On-campus

• Off-campus

To live together successfully, roommates must have compatible living habits and work out responsibilities in advance.​

• True

• False

When deciding where to live, which of the following should you consider?​

• ​length of time you plan to live there

  
  

• required security deposits and fees

• ​distance from school or work

• All of the above

No preparation is needed when deciding to move

• True

• False

Flexibility, lower cost, ​fewer responsibilities, amenities, and convenience are __________ of renting.

• Advantages

• Disadvantages

Noise, lack of privacy, small living and storage space, scarcity of parking, and no tax benefits are __________ of renting.

• Advantages

• Disadvantages

Landlords use the rental application to determine if you are a good risk as a tenant.​

• True

• False

To protect yourself from being held responsible for pre​existing problems, complete a __________ when you move in.

• rent-to-own

• rental inventory

• lease

• rental agreement

Which of the following is NOT a responsibility of the tenant.

• paying rent on time

• Providing a safe and habital place to live.

• Taking care of the property so you get your security deposit back.

• Obeying the rules listing in the lease agreement.