Shared Flashcard Set

Details

Financial Literacy 01: Apartment Renting
N/A
5
Finance
10th Grade
11/28/2012

Additional Finance Flashcards

 


 

Cards

Term
Advantages of Renting
Definition
Mobility
Low initial costs
Maintenance
Term
Disadvantages of Renting
Definition
No equity (build value)
No tax breaks
No changes
Restrictive lifestyle
Privacy
Notice to vacate
Term
Factors that Influence the Cost of Rent
Definition
Location
Pets or no pets
Amount of space
Furnished or unfurnished
Amenities
Utilities
Term
Elements of a Lease
Definition
Whether you can or cannot have a pet and the fee owed
Monthly rent
Legal right to enter into apartment
The term of the lease
Restrictions
Sound restrictions
Right to sublet or have a roommate
Notice to vacate
Term
Important Elements of Apartment Project
Definition
Lifestyle and salary that were given to me.
These elements influenced the project because I had to look for a place with three bedrooms (two children), a place that allowed pets (a dog), and a place that was under $1750 per month.
Supporting users have an ad free experience!