Name:_____________________

Period:_____

Housing- Buying vs. Renting

Post-Parents: What housing choices to you have?

What things should someone consider when they are looking at housing?

What is another word for renting?

A lease is a ___________________________________ between the tenant and the landlord,

specifying the responsibilities and rights of both parties
o Identifies the _________ amount
o Establishes specifies:
Payment for ________________________
_____________ payment penalties
___________________________________
____________________ terms, etc.

What is a security deposit?

What are several advantages of renting?

What are several disadvantages of renting?

Home ownership Buying a housing unit (House, condo, etc.) as _____________________.

What is equity?

Typically what is the down payment on a house/condo?

How much of a house/condo can you afford?

What are several advantages of buying a home?

What are several disadvantages of buying a home?

Keep in Mind
People are always paying for a
home. Its just a matter of who
you are paying:
Yourself or your landlord