Exploring the Rental Agreement
What is the monthly rental amount?
Hint: the answer is on the 1st page of the sample rental agreement on page 167.
$1125
Name 1 item that MUST be in your completed rental portfolio.
Sample Rental Application, Cover Letter, Identification Documents, Income Verification, Reference Letters, Rent Well Graduation Certificate
How much is the late charge?
Hint: the answer is on the 1st page of the sample rental agreement on page 167.
A flat amount of $75.00
If Alex and Juanita go on vacation for 2 weeks, do they have to let the landlord know?
Hint: the answer is on the 3rd page of the sample rental agreement on page 169.
Yes
What day of the month is the rent due?
Hint: the answer is on the 1st page of the sample rental agreement on page 167.
The 1st of the month because the space is left blank.
How many reference letters should you have?
At least 3.
How much will they be charged if the rent check bounces?
Hint: the answer is on the 1st page of the sample rental agreement on page 167.
A dishonored check fee of $35 + bank charges
What is it called to ask the landlord to excuse a policy or rule due to a disability?
A Reasonable Accommodation
This must be approved and signed by a healthcare professional including a doctor or a therapist
Does this property have a smoking policy? What is it?
Hint: the answer is on the 2nd page of the sample rental agreement on page 168.
Yes - "Smoking allowed in limited areas (see smoking addendum)"
Is this an example of a month-to-month agreement or a lease? How long is it for?
Hint: the answer is on the 1st page of the sample rental agreement on page 167.
A year long lease.
Out of the below options, who is the best choice for a reference letter?
a. Your sister.
b. Your best friend.
c. A past landlord.
d. The guy at the 7/11 near your house.
c. A past landlord.
What is the max they can be charged for tampering with the smoke alarm?
Hint: the answer is on the 1st page of the sample rental agreement on page 167.
$250 by law
(The agreement wrongly says $500)
Requesting the landlord to build a ramp leading into the unit.
A Reasonable Modification
This must be approved and signed by a healthcare professional
What is the minimum amount of renter's insurance needed?
Hint: the answer is on the 2nd page of the sample rental agreement on page 168.
$100,000
How much is the deposit?
Hint: the answer is on the 1st page of the sample rental agreement on page 167.
$1,600
Should your cover letter be handwritten or typed?
Typed
Which utilities are included?
Hint: the answer is on the 2nd page of the sample rental agreement on page 168.
Water, Sewer, Garbage Service, and Garbage Container
What is the name of the fund that Landlords may be eligible for after you (the tenant) has graduated from Rent Well?
Landlord Incentive Fund
These funds provide property managers with up to $5000 of financial coverage and cover the costs involved if the graduate vacates the unit within the first twelve months of the tenancy and leaves unpaid rent, damages, or legal fees above and beyond what their security deposit covers.
If another tenant causes a fire that catches the rest of the building on fire, does the landlord have to pay Alex if their computer gets destroyed?
Hint: the answer is on the 4th page of the sample rental agreement on page 170.
No
When does the late charge start?
Hint: the answer is on the 1st page of the sample rental agreement on page 167.
Late rent charge is due when rent is not received by the end of the 4th day after it is due.
(ex: If rent is due by the 5th, a charge will start end of the day on the 9th)
What is used to explain how you have overcome or are overcoming barriers to renting and to showcase your learned knowledge and skills to be a successful renter?
Your Rental Portfolio!
How much of the deposit does Alex have to pay today to get the keys?
Hint: the answer is on the 1st page of the sample rental agreement on page 167.
$1,150
Total deposit ($1,600) minus the already paid execution deposit ($450)
What are your instructors names?
Jazzmen & Brandi
What are the "quiet hours" at this property?
Hint: the answer is on the 4th page of the sample rental agreement on page 170.
10:00pm to 7:00am