1. Entrance Ticket
What do you think are the largest expenses for families in America? Explain.
Hint:

2. Average American Family Expenses

3. Agenda
1) Notes on Apartment Hunting
2) Apartment Research
3) HW

4. Lease:
Legally binding contract signed between renter & landlord
Can be 1-year, 6-month, month-to-month, etc
Tenant:
person renting apartment or house
Landlord:
Owner of apartment or house
Security Deposit:
money given to landlord before moving in
Covers costs of potential damages, unpaid rent, etc.
Money is returned at end of lease if no damages

5. Utilities:
refers to bills such as heat, electricity, water,
garbage, etc.
Always ask what utilities you have to pay for (some can be included in the rent)
Sublease or Sublet:
someone else lives in your apartment & pays rent when you are not there
some contracts allow this, others don’t

6. What determines house/apartment prices?
The Four P’s
Proximity to Points of Interest (POI)
POI’s = schools, stores, transportation, entertainment, etc.
Perceived Quality of Neighborhood
Visually appealing? Safe? Excellent schools?
Position of apartment/house
What floor apartment? Corner house?
Particularities of apartment/house
Square footage, # of bedrooms/bathrooms, amenities
studio: no separate bedroom (one big room)
efficiency: smaller version of studio (small appliances)

7. Size Comparisons

8. How do I find an apartment?
“Apartment for Rent” signs – call and go see it!
Online – call and go see it!
Rental agencies (may charge a fee)
Craigslist, etc. (usually no fee)
ANYONE CAN POST ANYTHING ON CRAIGSLIST!!

9. How to find an apartment
Locate and compare 2 apartments in CF, Pawtucket, and/or Providence
Complete 2 apartment worksheets
Finish for HW

10. HW (besides research)
A rough draft of your second official PEET is due
Focus Question: Is college worth it?
Due Friday!!!