
12.1 Renting a Residence Lesson
Presentation
•
Other
•
9th - 12th Grade
•
Easy
Carly Jorgensen
Used 15+ times
FREE Resource
16 Slides • 12 Questions
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12.1 Renting a Residence Lesson
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Open Ended
Why would a person choose to rent rather than buy a home?
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6
Multiple Choice
Which of the following best describes an apartment that has a bathroom and one large room serving as a living room, bedroom, and kitchen?
studio
complex
en suite
subprime
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Multiple Select
What are some of the advantages of renting a living space? (Check all that apply.)
Less free time
Fewer financial responsibilities
Less financial risk
Greater mobility
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Multiple Choice
Which of the following is a disadvantage of renting a residence?
greater financial risk
less mobility
no tax benefits
less free time
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14
Multiple Choice
A contract that specified the conditions, terms, and rent for the use of an asset is a(n) ____________.
Lease
Lessee
Lessor
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Multiple Choice
A _________ is the person who owns the property, the _________ is the person who rents the property.
lessor; lessee
lessee; lessor
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17
Multiple Choice
An amount a renter pays to help protect the property owner against financial losses in case the renter damages the property or fails to pay rent is a(n) ___________.
loan
down payment
withdrawal
security deposit
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Multiple Choice
The ___________, which is supplied by the property owner, is a detailed list of property items and their condition.
lease agreement
rental inventory checklist
rent-to-own agreement
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Multiple Choice
Renters should document all problems thoroughly so you are not charged for them when you move out.
True
False
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Multiple Choice
___________ is the legal process of removing a tenant who is not paying rent from a rental property if the tenant does not leave voluntarily.
Foreclosure
Eviction
Termination
Lawsuit
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Multiple Choice
Which of the following is a receipt listing goods shipped by a moving company?
invoice
bill of landing
packing slip
lease
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Open Ended
Name one question you would ask before signing a lease agreement.
12.1 Renting a Residence Lesson
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