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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.
If you have a bad credit record and a prospective landlord wants to triple the size of your security deposit, what might be the reason for that?
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To cover the risk of you defaulting on your rent. This is legal to an extent, and it can help you get an apartment if your credit is bad.
3.
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.
4.
"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.
5.
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.