Bell ringer:Bell ringer: What is a lease? Leases Legally binding contract Outlines rights and responsibilities of landlord and tenant that protect both.

Slides:

Advertisements

Similar presentations

WHAT YOU SHOULD KNOW Signing a Lease. HIDDEN TRAPS!! 1. The Monthly Due Date for Rent Checks I highly recommend knowing when your landlord expects to.

Advertisements

Renting an Apartment. Advantages of Renting Instead of Buying a Place to Live Mobility Minimal Responsibilities Financial Freedom – spend less on housing.

The ABCs of HOUSING VOCABULARY. Apartment Guide BOOKS TO LOOK IN FOR AN APARTMENT.

Getting an Apartment. Resources Great site put out by the US Postal Service: –Comprehensive and efficient. It.

RENTING AN APARTMENT (LORI SLOUPS PRESENTATION) Independent Living.

YOUR FIRST QUESTIONS How much rent can you afford? Do you need a roommate? Where do you want to live? What are your housing needs?

Chapter 25 On Your Own. Choosing Independence Leaving home-Advantages & Disadvantages Staying Home- Advantages & Disadvantages Choosing Housing: Apartment.

DECEMBER 7, 2011 HOUSING DECISIONS. AGENDA Review Decision Making Model Vocabulary Marketing strategies that affect our spending Housing alternatives.

Securing a Living space G1 © Family Economics & Financial Education – November 2005 – Housing Unit – Securing a Living Space – Slide 2 Funded by.

The Difference Between Renting and Owning a Home

Get A Head Start Lease Smart. The Lease A lease is a legally binding contract. Whether or not you understand the lease, a court will require you (and.

Renting a Residence. Housing Alternatives You will soon have to make a choice about where to live. You may choose to get a job, live at home with your.

Renting vs. Buying Housing. Rental Terminology Landlord Owner of property –Expects rent to be paid on time and for tenant to keep the property in reasonable.

Renting vs. Owning The Difference Between Renting and Owning a Home.

Renting or Owning??? Principles of Law Mrs. Pollison.

Living Off Campus?.  How much rent can you afford?  Do you need a roommate?  Where do you want to live?  What are your housing needs?

Chapter 21 Renting a Residence. Housing Alternatives in College On-Campus Housing     Off-Campus Housing  Residential Campuses   Commuter Campuses.

Searching for an Apartment. Where to begin…  Approx 140 Apartments in Gainesville  Conventional or Student(All Inclusive)  Living alone or with friends/roommates.

 moving-in costs can include:  ■ Rent for first month  ■ Rent for last month  ■ Security deposit  ■ Utilities deposit  ■ Telephone deposit.

© Family Economics & Financial Education – November 2005 – Housing Unit – Securing a Living Space Funded by a grant from Take Charge America, Inc. to the.

Financial & legal aspects of renting

RENTING CALM 20. What is rent? Rent: The payment a tenant makes to the landlord, usually each month, for the right to live in that apartment or house.

+ Terms Renters Should Know Independent Living. + Renting Renting an apartment is one of the major adult decisions you’ll make. Signing a rental agreement.

OBJECTIVE 2.02 ANALYZE FINANCIAL AND LEGAL ASPECTS OF RENTING.

© Family Economics & Financial Education – November 2005 – Housing Unit – Securing a Living Space Funded by a grant from Take Charge America, Inc. to the.

Renting a Place to Live Unit 6: Major Purchases. Three Times To Rent College Temporarily Living There ▫Military ▫Study Abroad Saving Up for a Down Payment.

RENTING 6.07: Major Expenditures. © Take Charge Today – August 2013– Major Expenditures – Slide 2 Funded by a grant from Take Charge America, Inc. to.

What you need to know before you rent your first place!

Finding a Place to Live!!! Renting an Apartment. Advantages of Renting Instead of Buying a Place to Live Mobility Minimal Responsibilities Finances- As.

Renting vs. Owning The Difference Between Renting and Owning a Home.

Chapter 21 Renting a Residence.

RENTING VS. OWNING FAMILY ECONOMICS AND FINANCIAL EDUCATION TAKE CHARGE OF YOUR FINANCES.

Your First Apartment  On one side of a piece of paper make a list of everything you would want in an apartment…. cost is NOT a factor, but you may not.

General Info Types of Houses Legal Terms Costs of Renting Costs of Buying

Housing Considerations

LIVING ON YOUR OWN. ADVANTAGES/DISADVANTAGES OF STAYING AT HOME AFTER HIGH SCHOOL.

© 2006 Consumer Jungle Landlord Tenant Law. © 2006 Consumer Jungle The Players Tenant: Somebody who rents a house or apartment for a fixed period of time.

What you need to know before you rent your first place!

+ Renting an Apartment April 4, Terms Tenant Somebody who rents a house or apartment for a fixed period of time. Landlord A person who owns the.

Your First Apartment  Make a list of everything you would want in an apartment…. cost is NOT a factor.  Look online to find an apartment that closely.

Chapter 8: Preserving Your Credit Lesson 8-1: Identifying Financial Issues Learning Goals: Discuss living arrangements and financial issues with other.

2.02 Financial and Legal Aspects of Renting. Landlord Owner of the Property Expects the following from tenant: –Rent to be paid on time –Keep the property.

Housing Vocabulary 11/18/14. Landlord O Person who owns the property O Collects Rent.

Chapter 28 Notes. WHY RENT?WHY BUY? Don’t forget that taxes, closing costs, fees, etc. will also be included! You will pay more than what you see here!

2.02 Financial and Legal Aspects of Renting. Landlord Owner of the Property Expects the following from tenant: –Rent to be paid on time –Keep the property.

Steps to Renting Your First Apartment

Module 10.1 Housing Alternatives. Apartment: a unit of rooms you rent to live in where there is more than one unit in the building House: a single dwelling.

Renting & Leasing Unit Two—Budgeting Financial Literacy Standard 4 Mrs. Morrey.

© 2006 Consumer Jungle Landlord Tenant Law. © 2006 Consumer Jungle Importance of Landlord Tenant Law You’re living on your own now You must know the rights.

Your First Apartment  On one half of a piece of paper make a list of everything you would want in an apartment…. cost is NOT a factor.  Look through.

LAW IN AMERICAN SOCIETY RENTING AN APARTMENT. 1.tenant: person who rents the space 2.landlord: the person who owns the space.

Renting CMAGNO. Did You Know? 1/3 of all people in the U.S. rent Who are these people? – Majority are: singles, young couples, and senior people – Many.

HOUSING: TO RENT OR BUY? RENTING AN APARTMENT 1. LEASE- the contract created by the property owner stating rules and expectations of the renter for the.

My First Apartment And Roommate Peggy Coulter. Finding a Place to Call Home  Newspapers Newspaper ads.pdfNewspaper ads.pdf  Ad terms & abbreviations.pdf.

Renting vs Buying Interior Design Lesson Copyright © Texas Education Agency, All rights reserved. 1.

WE WILL COVER: EXPENSES TERMS & CONDITIONS ADVANTAGES DISADVANTAGES THE LEASE AGREEMENT Renting an Apartment You will soon be out on your own, possibly.

2.02 Financial and Legal Aspects of Renting

Objective 2.02 ANALYZE financial and legal aspects of renting.

Securing a Living space

Renting your First Apartment

Renting an Apartment You will soon be out on your own, possibly needing to find housing. Today’s lesson will help you understand the many factors that.

Freedom Independence Transition

Living on your own.

Objective 2.02 ANALYZE financial and legal aspects of renting.

LIVING On Your Own.

Welcome to Truman State University

Securing a Living space

Freedom Independence Transition

2.02 Financial and Legal Aspects of Renting

Securing a Living space

Presentation transcript:

Bell ringer:Bell ringer: What is a lease?

Leases Legally binding contract Outlines rights and responsibilities of landlord and tenant that protect both Sets rent for a given period

Eviction processEviction process Written notice is sent stating you are in violation of breach of the lease (5-10 days) Landlord files with court Summons sent to tenant Hearing is held to assess charges

Damage DepositsDamage Deposits Use check in/out sheet to document damages. Take photos Ask: What is it to be used for? When and how will it be returned?

Subletting Land lord needs to okay Get new lease/agreement signed Ask them for a damage deposit *You still may be liable for rent and damage during the sublease period*

Lease worksheetLease worksheet

How do you decide to spend on your rent? Spend no more then 1/3 rd of your take home pay on your rent.

How to decide where to live? Read the papers Look online Ask friends Walk around In the day and at night

What questions are good to ask a land lord?

Before you get approved for a credit they may do a credit check. Why?

When checking out apartments look for…. Exterior of the building-Good foundation-no cracks

Interior of the buildingInterior of the building Well constructed No water stains Well maintained Look for fire alarms in the halls and sprinkler system

Safety and securitySafety and security Dead bolt lock Peep hole Fire escape

Facilities and servicesFacilities and services Pool Washer and dryer Game room Maintenance

eature=relmfu

TOTD What are some good questions to ask the landlord?

What are some advantages and disadvantages of having a roommate?

Advantages Financial Emotional Housekeeping Social Security

Disagvantages Shared space Boyfriends/girlfriends (MAYBE) Pets Chores may not be equally shared

Basic rules of livingBasic rules of living Expectations-Dont expect a carbon copy of yourself Privacy No one is boss Give and take Share Quiet hours COMMUNICATION! Likes/dislikes, bed times, T.V. viewing, cleaning times, boyfriend/girlfriend,

Dear brilliant Independent Living student, I just moved in with my room mate to save money on rent. However she plays her music late into the night very loudly. She also never puts the dishes away, it is really getting on my nerves. We are close friends, so I dont want to offend them, however it is not fair for me to have to stay up late and do a lot of the work. What should I do? Signed, Not the maid

Please write a paragraph with suggestions for Not the maid keep in mind the basic rules of living we discussed

The vocabulary of apartment advertisements

Apartment Searching activity Listen to each scenario Pick out FOUR of the EIGHT You may do additional ones for extra credit Do not lose these scenarios, please bring them to class tomorrow. You will have the full class period to complete this activity.