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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.
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.
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?
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.
3.
A person whose job it is to help people find apartments to rent is called _______.
Choose wisely. There is only one correct answer.
A landlord
A tenant
A rental agent
A rental agent. Rental agents find apartments for people to rent.
4.
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.
5.
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.
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