Renting 101
What is a security deposit?
Money you pay the landlord in case you damage the rental.
What should you check before renting a home?
You should make sure you can afford the rent and other bills.
What is a credit score?
A number that shows how well you have managed borrowed money.
What is one mistake renters should avoid?
Not reading the lease before signing it.
Smart or dumb: Making a budget before renting.
Smart! It helps you know if you can afford the costs.
What is a lease?
A legal agreement that explains the rules and cost of renting a home.
What is a budget?
A plan for how you will spend and save your money.
Why does credit matter when renting?
Landlords may check your credit to see if you pay bills on time.
Why should you report damage to your landlord?
It can help prevent you from being blamed for damage you did not cause.
Smart or dumb: Signing a lease without reading it.
Dumb! You should understand the rules before signing.
What is rent?
The money you pay the landlord to live in a rental home.
Why is it important to save money before renting?
It helps you pay for unexpected costs and emergencies.
What can hurt your credit score?
Missing payments or not paying money you owe can hurt your credit.
What could happen if you do not pay rent on time?
You could be charged fees or have problems with your lease.
Smart or dumb: Saving money for emergencies.
Smart! Emergency savings can help pay for unexpected expenses.