Choose wisely. There is only one correct answer to each question.
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1.
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?
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.
2.
Renters must pay property taxes.
False. Renters do not pay property taxes; that is an advantage of renting. However, the rent price likely factors in ownership costs, such as property taxes.
3.
"Renting and investing the difference" means _______.
Renting instead of buying, and putting the estimated difference into other investments. In this way, renters can build up other forms of equity.
4.
It is possible to negotiate the rent on an apartment.
True. Though not all landlords do, some are open to negotiating if it will help them rent a unit.
5.
Renters of apartments are liable for _______.
None of the above. Renters do not pay any of these, though their landlords do pass some of the costs onto them through their rent.