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Planning Beginner:
Renting an Apartment
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Choose wisely. There is only one correct answer to each question.
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1.
When looking for an apartment to rent, what is the most important thing to consider?
Choose wisely. There is only one correct answer.
Price
Location
Amenities
None of the above
None of the above. No one factor is the best; consider all of them together.
2.
If you have bad credit and you want to rent an apartment, _______.
Choose wisely. There is only one correct answer.
Having sufficient income will compensate for that
A great rental history will compensate for that
You may be refused
You may be refused. Many landlords will turn down renters with bad credit even if the rest of their finances and rental history are good.
3.
It is possible to negotiate the rent on an apartment.
Choose wisely. There is only one correct answer.
True
False
True. Though not all landlords do, some are open to negotiating if it will help them rent a unit.
4.
A tenant in an apartment unit can protect her valuable belongings by buying _______.
Choose wisely. There is only one correct answer.
Homeowners insurance
Health insurance
Long-term care insurance
Renters insurance
Renters insurance. Renters insurance is a reasonably priced way to insure your belongings.
5.
Renters must pay condominium fees.
Choose wisely. There is only one correct answer.
True
False
False. Owners of condominium units must pay those fees, though they may factor them into any rent they charge to renters.
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