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money matter last
money matter last
15 terms
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15 cards
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Practice quiz
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Questions
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Answers
1
A landlord can refuse to rent you an apartment if which of the following is true?
You own a cat and a dog
You are married
You are a Buddhist
You are of Irish descent
2
What is a home inspection?
A cleaning service
A furniture delivery
An evaluation of a property’s condition before buying
A type of home insurance
3
What is a mortgage?
A home improvement tool
A type of insurance
A loan used to buy a home or apartment
A monthly utility bill
4
How much of your take-home paycheck should be budgeted for base rent?
20%
40%
50%
30%
5
Start-up costs refers to:
Money you will have left after you pay your first month's rent
The amount of money you receive in the first paycheck of each month
Money you will need to cover the first month's rent and things related
None of the Above
6
Which can be found in a rental agreement?
All of the Above
The name of tenant
Length of Lease
Price of rental per month
7
A down payment is usually required when buying an apartment.
True
False
8
Your landlord, can enter your apartment, any time he wants to, to be certain that you are following the rules.
False
True
9
You don’t need to consider property taxes when buying an apartment.
True
False
10
In which of the following locations could you find an ad for an apartment?
All of the Above
Local Newspaper
Real-estate agent
On the Internet
11
Water damaged your new furniture and belongings. Which portion of your Renter's Insurance will cost of your losses?
Liability
Terms
Contents
None of the Above
12
Why is location important when buying an apartment?
It makes rent cheaper
So you get more furniture
Only matters for houses
It affects value, convenience, and safety
13
Which of the following utilities may be billed separately from your rent?
Water
All of the Above
Phone Service
Electricity
14
A lease is :
idk
A document that describes in detail the apartment for rent
A legal document that contains an agreement between the landlord and renter
An agreement between someone and their real-estate agent
15
Which of the following information would not be found in a typical lease?
Amount of monthly rent and day its due
Address of the unit
Name of previous tenant
Start and end of rental agreement
