C11L3

Fill in the blank: ________ are things that help provide convenience, comfort, or enjoyment.

• Amenities

• Difficulties

• Obstacles

• Disadvantages

Fill in the blank: ________ is a legal contract that allows the renter, or lessee, rights to the use of a property owned or managed by the lessor for a period of time.

• Leasing Contract

• Rental Receipt

• Mortgage Agreement

• Purchase Order

Fill in the blank: ________ is an agreement made between two or more parties that is enforced by law.

• Legal Contract

• Verbal Promise

• Casual Conversation

• Friendly Gesture

Fill in the blank: ________ is the portion of a legal contract signed by both parties.

• Acknowledgment Clause

• Termination Clause

• Confidentiality Clause

• Indemnity Clause

According to the passage, what is the recommended approach before paying higher rent for amenities like a pool, fitness center, or granite countertops?

• Always pay more for better amenities

• Only pay more if the amenities help you save money and reach your goals

• Never pay more for amenities if it stands in the way of saving money and reaching your goals

• Pay more if you like the amenities

What is a lease agreement according to the passage? Fill in the blank: A lease agreement is a legal document that allows the renter, also referred to as the ______ or ______, rights to the use of a property owned or managed by the lessor (property owner) for a period of time.

• tenant; lessee

• landlord; lessor

• owner; agent

• broker; manager

Why is it important to read and understand your lease agreement?

• Because it is written in simple language

• Because it is a legal contract and anything in the contract is enforceable by law

• Because it is not important

• Because it is optional

What is one piece of information that is typically included in a lease? Fill in the blank: The lease will include the property _______ and unit number.

• address

• color

• owner's age

• furniture type

What is one piece of information that is typically included in a lease? Fill in the blank: The lease will include rules about _______ and any pet fees.

• pets

• parking

• utilities

• guests

What is one piece of information that is typically included in a lease? Fill in the blank: The lease will include tenant responsibilities, such as keeping the property safe from hazards, keeping the property clean, and not causing _______.

• damage

• noise

• repairs

• improvements