Renting 101
What is rent?
This is the amount of money you pay each month to live in a rental property.
What is disposable income?
This is the amount of money you have left after paying for your needs and expenses.
this number shows how good you are with borrowing money
credit score
What is not reporting maintenance problems?
This is a mistake renters make when they assume their landlord will automatically know something is broken.
you make $5000 a month with monthly expenses you have 300$ left you want to buy a car thats 20,000
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What is a security deposit?
This refundable payment protects the landlord against damage to the property.
What is rent?
Before renting an apartment, you should make sure you can afford the regular monthly payment.
this record shows your history of borrowing money
credit report
What is the rent due date?
aying your rent after this date can result in late fees.
ignore something broken in your apartment
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What is a lease?
This document is a legal agreement between a renter and landlord
What are savings?
This is money you set aside instead of spending, often for emergencies or future goals.
whats the name of a card that lets you borrow money and pay it back later
credit card
What are occupancy rules?
A renter who lets their friend move in without permission may be violating this part of the lease.
you save and invest half your paycheck instead of spending it all
smart