Home > Planning > Beginner
Planning Beginner: Renting an Apartment

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Why does having a cosigner on an apartment lease make a landlord more willing to rent to you than if you didnt?
Choose wisely. There is only one correct answer.
The cosigner is liable for the rent if you default on it. The cosigner is like an insurance policy on the rent.
2.
When looking for an apartment to rent, what is the most important thing to consider?
Choose wisely. There is only one correct answer.
None of the above. No one factor is the best; consider all of them together.
3.
Which of these two is more likely to have predictable housing expenses?
Choose wisely. There is only one correct answer.
A renter. Renters do not get hit with unexpected expenses, as owners sometimes do.
4.
A tenant in an apartment unit can protect her valuable belongings by buying _______.
Choose wisely. There is only one correct answer.
Renters insurance. Renters insurance is a reasonably priced way to insure your belongings.
5.
Owning a home is a certain way to build equity.
Choose wisely. There is only one correct answer.
False. Though it usually does, that is not always the case. Sometimes home prices drop, wiping out equity.