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Planning Beginner: Renting an Apartment

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1.
When looking for an apartment to rent, what is the most important thing to consider?
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None of the above. No one factor is the best; consider all of them together.
2.
Renters must pay condominium fees.
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False. Owners of condominium units must pay those fees, though they may factor them into any rent they charge to renters.
3.
It is possible to negotiate the rent on an apartment.
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True. Though not all landlords do, some are open to negotiating if it will help them rent a unit.
4.
Why does having a cosigner on an apartment lease make a landlord more willing to rent to you than if you didnt?
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The cosigner is liable for the rent if you default on it. The cosigner is like an insurance policy on the rent.
5.
"Renting and investing the difference" means _______.
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Renting instead of buying, and putting the estimated difference into other investments. In this way, renters can build up other forms of equity.