Chapter 21 Renting a Residence

Housing Alternatives in College On-Campus Housing     Off-Campus Housing  Residential Campuses   Commuter Campuses   Several housing Options

On-Campus Housing  Dormitories    Community lounges, kitchen, laundry, bathrooms (?)

On-Campus Housing  Social Organization House 20 or more people Must meet member requirements Higher costs  Available on Large Campuses Similar to a dormitory Less Cost More Responsibility (cooking, cleaning, maintenance) 

Off-Campus Housing  Apartments - _____________(efficiency) - one large room that serves as kitchen, living room, and bedroom; least expensive ____________ – living space with 2 or more levels  _______ is based on size, location, facilities, and quality of the apartment.

Off-Campus Housing  Duplexes and Multiplexes  Condominiums  Houses

Living Arrangements  Who to live with?  Where to live?  What to take?

Additional Considerations  Deposits and fees Security deposit –  Length of time you plan to live there  Distance from work/school  Distance to services  Repairs and maintenance Note:

Furniture  Furnished rental –  Unfurnished rental –  The fewer items offered the lower the rent will be.

Planning Your Move  Security deposit, first and last month’s rent, fees, initial expenses  Reliable job/good credit  Individual necessities (dishes, towels, sheets, clothing)  What does the future hold? Career goals?  U-haul/moving company, friends to help with move

Planning Your Move  Group Financial Decisions  Moving Costs  Installation Charges

Being a Renter  Renting –  Landlord –  Tenant –

The Renting Process  Advantages  Disadvantages

Steps to Becoming a Renter  Fill out a _______ ___________ Landlord will verify income, previous rental experience, and credit rating  Complete a _____ or ___________ (month-to-month)  Conduct a walk through and complete a ___________________

Rental Contract Vocabulary  Lease –  Rental Agreement–  Lessor –  Lessee –

Rental Contract Vocabulary  Rental Inventory –  Eviction -

Landlord Obligations  Landlords must provide a “livable” dwelling: Exterior is ____________ and ___________. Floors, walls, ceilings, stairs, and railings are in good ________. __________ regulations are met (elevators, hallways, smoke detectors) Adequate locks Healthy ________ supply Electrical appliances meet _______ ______ Building and grounds are kept clean

Tenant Obligations  Follow the ________ of the rental agreement  Pay rent _____________the due date  __________notice to vacate  Keep premises clean and in good condition  Use the rental unit only for the purpose intended (i.e. not a business)  Allow landlord access for _________  Obey the rules of the ____________