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Foolproof Module 9 Test Study Guide Questions with Correct Answers
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Foolproof Module 9 Test Study Guide
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Foolproof Module 9 Test Study GuideThe sales agent's job is to rent you an apartment, not necessarily tell you the truth about
the apartment. What responsibility does that put on you? - answer If I want to get the
right place, I always have to do my homework and keep emotion out of my decision.
What should be the maximum spending on housing if your gross income is $2,400 per
month? - answer$800.
Landlords also have certain rights. Choose one landlord right from the answers below. -
answer If you cause damage to the apartment, a landlord can and almost certainly will
keep part or all of your security deposit.
How much of your "gross" income should you spend on your rent and housing
expenses? - answer One third.
According to many consumer advocates, you should NOT furnish your apartment by
going to a "rent-to-own" company because the cost of renting-to-own is much more
expensive than the cost of buying. - answer True.
What is the main difference between renting and leasing? - answer When you lease you
normally have a longer term contract and can't move out early without paying big
penalties.
Which statement is true about "subletting"? - answer Subletting without permission
normally means you have defaulted on your agreement and means you may have to
pay heavy penalties.
Your renter’s insurance "deductible" is $500. Your $800 tablet disappears from your
apartment after a big party. Your renters insurance pays for 100% of your loss. - answer
False
If you have credit problems you will normally pay more in rent and security deposits. -
answer True
Which of these is the tenant's responsibility? - answer Taking reasonable care of the
property, giving notice if leaving at the end of the lease, using the rental for the purpose
stated in the lease.
Landlords have certain responsibilities. Choose the most important landlord
responsibility from the answers below. - answer Making repairs in a reasonable amount
of time.
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