Planning Beginner: Renting an Apartment

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

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1.
If you have bad credit and you want to rent an apartment, _______.
Choose wisely. There is only one correct answer.
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.
2.
Owning a home is a certain way to build equity.
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False. Though it usually does, that is not always the case. Sometimes home prices drop, wiping out equity.
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?
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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.
4.
Renters of apartments are liable for _______.
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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.
5.
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.