Quiz about Rental Agreement Quiz

Question 1

What is a tenant?

Accepted Answer

A person who rents or leases a space from a landlord

Answer

A type of construction equipment

Answer

A legal term for a young adult

Answer

A financial term related to stock markets

Question 2

What is a landlord?

Accepted Answer

A person who owns and rents out buildings or land

Answer

A professional who sells real estate

Answer

A bank that provides mortgage loans

Answer

A tenant who rents a property

Question 3

In order to rent a place, what may be requested by the landlord?

Accepted Answer

All of the above

Answer

Credit report

Answer

Reference from previous landlord

Answer

Proof of income

Question 4

What is a reference?

Accepted Answer

All of the above

Answer

A mention or citation of a source of information

Answer

A person who gives a recommendation

Answer

A direction or instruction to read something

Question 5

What will the landlord require you to deposit?

Accepted Answer

Security deposit

Answer

First month's rent

Answer

Last month's rent

Answer

Pet deposit

Question 6

What is a security deposit used for?

Accepted Answer

To cover potential damages to a rental property

Answer

To increase the property value

Answer

To pay for utilities

Answer

To serve as a booking fee

Question 7

What happens with the security deposit when the renter moves out?

Accepted Answer

It is returned to the renter if there are no damages

Answer

It is kept by the landlord regardless of property condition

Answer

It is used to pay the last month's rent

Answer

It is legally required to be donated to charity

Question 8

When renting an apartment what will you need to sign?

Accepted Answer

A lease agreement

Answer

A purchase agreement

Answer

A roommate agreement

Answer

A job contract

Question 9

What is a rental agreement?

Accepted Answer

A legal document outlining the terms under which one party agrees to rent property from another party

Answer

A contract for purchasing a house

Answer

A document listing the rules of a condominium

Answer

An agreement for borrowing a book

Question 10

What is another name for a rental agreement?

Accepted Answer

Lease

Answer

Mortgage

Answer

Deed

Answer

Title

Question 11

When you sign a rental agreement, what can you be held responsible for?

Accepted Answer

Both paying rent on time and maintaining the property

Answer

Paying rent on time

Answer

Maintaining the property

Answer

None of the above

Question 12

Before signing a rental agreement what should you do?

Accepted Answer

Review the agreement carefully

Answer

Sign it immediately

Answer

Ignore the terms and conditions

Answer

Ask a friend to sign it

Question 13

What four things will be in the rental agreement?

Accepted Answer

Names of parties, property details, rent amount, and lease term

Answer

Payment methods, nearby amenities, landlord's vacation plans, and tenant's hobbies

Answer

Internet speed, wall colors, previous tenants, and future renovation plans

Answer

Pet policies, guest policies, gardening details, and neighborhood rules

Question 14

If you decide to move out of a rented place, what must you do?

Accepted Answer

Notify the landlord in advance

Answer

Leave without informing anyone

Answer

Paint the walls new

Answer

Change the locks

Question 15

What are the three things you should think about before selecting a place to rent?

Accepted Answer

Cost, location, and size

Answer

Color, design, and age

Answer

Neighbors, pets allowed, and ceiling height

Answer

Internet speed, wall thickness, and furniture included

Question 16

What is the recommended amount of rent a person should pay?

Accepted Answer

30% of their monthly income

Answer

10% of their monthly income

Answer

20% of their monthly income

Answer

40% of their monthly income

Question 17

In regards to selecting a location to rent a place, what should it be close to?

Accepted Answer

Public transportation

Answer

Workplace

Answer

Schools

Answer

Shopping centers

Question 18

What should be a top concern when selecting a place to rent?

Accepted Answer

Location

Answer

Cost of rent

Answer

Size of the property

Answer

Safety of the neighborhood

Question 19

When deciding on the type of place to rent, you should select what type of place?

Accepted Answer

Apartment

Answer

House

Answer

Studio

Answer

Townhouse

Question 20

When renting a place, what will most likely need to be made?

Accepted Answer

A security deposit

Answer

A new set of keys

Answer

A renovation

Answer

A purchase agreement

Question 21

By making wise choices when renting a place, you will help ensure what?

Accepted Answer

All of the above

Answer

Financial stability

Answer

Personal safety

Answer

Comfortable living environment

Question 22

Money that the tenant deposits with the Landlord to cover any damages to the rented apartment or room is called:

Accepted Answer

Security Deposit

Answer

Advance Payment

Answer

Insurance

Answer

Damage Fee

Question 23

Who is the Landlord on this rental agreement?

Accepted Answer

John Doe

Answer

Jane Smith

Answer

Alice Johnson

Answer

Bob Brown

Question 24

Who is the Tenant?

Accepted Answer

A person who rents a place to live

Answer

A type of legal document

Answer

A character from a movie

Answer

A software term

Question 25

Where is the apartment located?

Accepted Answer

New York

Answer

Los Angeles

Answer

Chicago

Answer

Miami

Question 26

When does the rental agreement begin and when does it end?

Accepted Answer

On the date specified in the agreement and ends accordingly

Answer

At the start of the month and ends at the end of the month

Answer

At the beginning of the leasing period and concludes at the end of the term

Answer

None of the above

Question 27

How much is rent each month and when is it due?

Accepted Answer

Varies each month, due on the first

Answer

$500 on the first of each month

Answer

$750 on the last day of each month

Answer

$1000 on the 15th of each month

Question 28

When and how must you give notice that you are vacating the apartment?

Accepted Answer

At least 30 days before, in writing

Answer

No notice is required

Answer

At least 60 days before, verbally

Answer

At least 30 days before, either verbally or in writing

Question 29

Which utilities is the Tenant responsible for paying?

Accepted Answer

All of the above

Answer

Electricity

Answer

Water

Answer

Gas

Question 30

Which utilities is the Landlord responsible for paying?

Accepted Answer

None of the above

Answer

Water and Sewage

Answer

Electricity

Answer

Gas

Question 31

How much is the Security Deposit that the tenant must pay?

Accepted Answer

Varies by property

Answer

$500

Answer

$1000

Answer

$1500

Question 32

What is the Security Deposit a guarantee of?

Accepted Answer

All of the above

Answer

Tenant's adherence to lease terms

Answer

Property maintenance

Answer

Timely rent payment

Question 33

When does the Tenant get the Security Deposit back?

Accepted Answer

Within 30 days of vacating the property

Answer

Immediately after the lease ends

Answer

After deducting damages, if any, within 60 days

Answer

The tenant does not get the security deposit back

Question 34

What may be deducted from the Security Deposit by the Landlord when the Tenant leaves (vacates) the apartment?

Accepted Answer

All of the above

Answer

Unpaid rent

Answer

Damage to the property beyond normal wear and tear

Answer

Cleaning costs to restore the rental to its original condition

Question 35

How many pets are allowed in the apartment (on the premises)?

Accepted Answer

1 pet

Answer

No pets allowed

Answer

2 pets

Answer

3 or more pets

Question 36

Besides the Tenant, who else is allowed to reside (live) at the residence?

Accepted Answer

Anyone approved by the landlord

Answer

Family members of the tenant

Answer

Friends of the tenant

Answer

No one else

Question 37

Who will be held responsible for any damages caused by guests entering the residence?

Accepted Answer

The owner of the residence

Answer

The guests themselves

Answer

Both the guests and the owner

Answer

No one

Question 38

What appliances will the Landlord provide for the residence?

Accepted Answer

Refrigerator, Oven, Dishwasher

Answer

Refrigerator, Washing Machine

Answer

Oven, Microwave, Washing Machine

Answer

None

Question 39

Who is responsible for the upkeep of the refrigerator and stove?

Accepted Answer

The property manager

Answer

The homeowner

Answer

The tenant

Answer

None of the above

Question 40

Who is responsible for minor repairs inside the apartment?

Accepted Answer

The landlord

Answer

The tenant

Answer

Both the tenant and the landlord

Answer

None of the above

Question 41

If major repairs are needed, costing more than fifty dollars, what does the Tenant need to do?

Accepted Answer

Notify the landlord in writing

Answer

Pay for the repairs themselves

Answer

Ignore the repairs

Answer

Move out immediately

Question 42

In regards to codes (laws), what must Tenants comply with?

Accepted Answer

Building safety codes

Answer

Traffic laws

Answer

Tax regulations

Answer

Employment laws

Question 43

In regards to conduct, how must the Tenant behave on the premise?

Accepted Answer

Respectfully and according to the lease agreement

Answer

No specific behavior is required

Answer

Disruptively and ignoring rules

Answer

Only as directed by the landlord

Question 44

If the Tenant fails to follow the obligations or rules stated in the contract what will happen?

Accepted Answer

The contract may be terminated.

Answer

The tenant may receive a warning.

Answer

The tenant may be fined.

Answer

No action will be taken.

Question 45

By signing the contract, what would the Tenant be doing?

Accepted Answer

Agreeing to the terms and conditions

Answer

Declining the offer

Answer

Requesting more information

Answer

Postponing the agreement

Question 46

In order to rent a place, a landlord may request:

Accepted Answer

All of the above.

Answer

that you own a car.

Answer

references and/or a credit check.

Answer

proof of vaccinations

Question 47

The Security Deposit:

Accepted Answer

Both A and B are correct

Answer

Is refundable if no damage is done

Answer

Is used to cover unpaid rent

Answer

Cannot be used by the landlord

Question 48

A rental agreement:

Accepted Answer

is a legal contract between the tenant and landlord.

Answer

states how much rent will cost.

Answer

states the length of the rental agreement

Question 49

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

Accepted Answer

than 30% of your take home pay.

Answer

than 10% of your take home pay.

Answer

than 50% of your take home pay.

Answer

than 70% of your take home pay.

Question 50

When you decide to move out of an apartment,

Accepted Answer

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

Answer

you can move out anytime you want to without penalty.

Answer

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

Question 51

When selecting a place to rent it is important to choose a place that:

Accepted Answer

fits your needs and is affordable.

Answer

you really want and desire.

Answer

you find first.

Answer

None of the above.

Question 52

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

Accepted Answer

True

Answer

False

Question 53

When renting a place, it is important to select a place where you feel safe.

Accepted Answer

True

Answer

False

Question 54

Select the best term for the sentence: The written agreement between the renter and landlord.

Accepted Answer

Lease

Answer

Contract

Answer

Agreement

Answer

Document

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