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Renting vs. Buying Flashcards | StudBud
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Renting vs. Buying
Renting vs. Buying
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Housing Unit Quiz
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
________is the largest expense when considering the four major categories of expenditures
downpayment
mortgages
housing
rent
2
Manufactured homes that are capable of being moved from one location to another are called:
duplexes
rooms
mobile homes
condominiums
3
An agreement that specifies the responsibilities of a tenant and landlord
lease
application
spending plan
sublease
4
Money paid in advance of moving into a living space for repairs or damage is called a:
downpayment
spending plan
security deposit
mortgage
5
A financial statement used to assist in money management and track income/expenses
spending plan
lease
downpayment
mortgage
6
Payment made in exchange for occupying another's land or property is called?
equity
rent
security deposit
mortgage
7
Single apartments in a multiple housing structure that can contain multiple stories are
apartments
condominiums
houses
duplexes
8
Which type of mortgage allows your payments to remain the same for the life of the loan?
Fixed
Interest
Arm
Balloon
9
True or False: A downpayment is needed to rent an apartment?
False
True
10
Rent can be paid to the landlord or the __________________________?
bank
property manager
leasee
tenant