Title: QUIZ: Renting Your First Place
Course: Kelly's Copy-Export Course > Section: Renting Your First Place

Q: Why is it important to consider your income and costs when renting an apartment?
- To not to spend too much and to stick to your budget
- To make your family happy with your decision
- To get the most expensive and best apartment available
- It is not important to consider income and costs
A: To not to spend too much and to stick to your budget

Q: What is a lease?
- An agreement that a renter will eventually purchase the rental property.
- The renter’s agreement about a rental property.
- A legal agreement between a landlord and renter on a rental property.
- A verbal agreement between a landlord and renter.
A: A legal agreement between a landlord and renter on a rental property.

Q: About how much of your take-home income should you plan to spend on housing?
- One-half
- One-third
- One-fourth
- One-fifth
A: One-third

Q: Which of the following is true about selecting housing?
- Always choose the least expensive location.
- Consider safety and proximity to the places you visit frequently.
- Borrowing money to furnish your new place is a low-risk option.
- Renter’s insurance is unnecessary.
A: Consider safety and proximity to the places you visit frequently.

Q: When determining the budget for your new place, it’s important to think about all your spending habits, including groceries and entertainment.
- True
- False
A: True