1. Attitude Inventory Business Law II Chapter 18—Ownership & Leasing of Real Property

2. Take stock of your attitudes by completing the following inventory. Read each statement and decide how you feel about the attitude presented.

3. A consumer needs to have a general knowledge of what is in his/her lease, but a line-for-line reading is unnecessary. Agree Agree Disagree Disagree Undecided Undecided

4. Listing the features you would like to have in an apartment is a good idea, even when there are few rental units available. Agree Agree Disagree Disagree Undecided Undecided

5. Only lawyers can read leases with understanding. Agree Agree Disagree Disagree Undecided Undecided

6. Much rental housing is overpriced. Agree Agree Disagree Disagree Undecided Undecided

7. Those who spend 35 percent of their income for rent are spending a reasonable amount for that purpose. Agree Agree Disagree Disagree Undecided Undecided

8. A lease between an owner and tenant should clearly define the rights of both parties. Agree Agree Disagree Disagree Undecided Undecided

9. Owning a home is an important part of the “good life.” Agree Agree Disagree Disagree Undecided Undecided

10. Wise consumers wait until they can pay cash before buying a home. Agree Agree Disagree Disagree Undecided Undecided

11. Over the years, houses have proven to be very poor investments. Agree Agree Disagree Disagree Undecided Undecided

12. For average consumers, the best way to buy a home is to have it custom- built. Agree Agree Disagree Disagree Undecided Undecided

13. Poor workmanship in home construction is a common consumer problem. Agree Agree Disagree Disagree Undecided Undecided

14. Before buying a home, a person should expect to be living in the same area for three years or more. Agree Agree Disagree Disagree Undecided Undecided

15. As a general rule, renting is more expensive than buying. True True False False

16. When buying a home, a person should expect to 10 to 20 percent of the purchase price in cash as a down payment. True True False False

17. Very often an old home will cost more than an entirely new home containing the same housing facilities. True True False False

18. The cost of repairs will generally be more, for a number of years, on a new home than on an older one. True True False False