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Planning Beginner:
Renting an Apartment
Test your knowledge
Choose wisely. There is only one correct answer to each question.
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1.
Which of these two is more likely to have predictable housing expenses?
Choose wisely. There is only one correct answer.
An owner
A renter
Neither of the two
A renter. Renters do not get hit with unexpected expenses, as owners sometimes do.
2.
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.
3.
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?
Choose wisely. There is only one correct answer.
People with bad credit are known to cause damage to apartments
To punish you
To cover the risk of you defaulting on your rent
None of the above
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.
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.
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.
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DONE