Renting 101
What is money paid each month to live in a house or apartment?
Rent
Answer: Rent You earn $3,000/month. Is $2,000 rent probably too much
Yes
What 3-digit number helps lenders and landlords judge how you handle debt?
Credit Score
Name one expense people sometimes forget when moving out.
Utilities, groceries, insurance
You read the entire lease before signing it.
Smart
What is the person or company that owns and rents the property called?
Landlord
Your rent is $900 and utilities are $200. How much is your total housing cost?
$1100
What happens to your credit if you repeatedly make payments late?
It can decrease
Answer: It can decreaseYou spend nearly all your savings buying furniture right after moving in. What's the problem?
You have little/no emergency savings left
Your friend wants to move into an apartment but has no job or savings.
Dumb
What is the legal agreement between a renter and landlord called?
Lease
Answer: LeaseYou earn $2,800/month and have $1,900 of monthly expenses. How much remains?
$900
True or False: A landlord may check your credit when you apply for an apartment
True
an apartment. Answer: TrueWhy should you inspect an apartment before moving in?
To identify/document existing damage or problems
You take pictures of existing damage before moving in.
Smart