1. 1/13/09 BR- Generally, how much should you spend on your monthly housing costs? Today: Finding and Renting the Right Apartment

2. A Few Things to Remember  No Late work will be accepted after Tuesday, January 20.  We Will review for the test on January 21 and take the test on January 22. If you will be absent that day you must schedule a make- up time. There will be NO MAKE- UPS after January 22.

3. Renting an Apartment  Generally, your housing costs shouldn’t be any more than one-fourth of your monthly take home pay.monthly take home pay

4. The Lease- This is a legal contract and it is very important to look at it closely. You CAN be kicked out for violating your lease.  When can you move in/must you move out?  When is the rent due?  Can the rent increase?  Is there a late fee for rent?  What is the security deposit? For what reasons can it be not returned  What utilities are included? What are the average costs?  Are pets/children ok?  Any rules about guests and disturbing others?  Can I make changes?  Are there rules about parking?  Other?

5. Renting an Apartment (Due Tuesday - 50 Points)  Pick up the activity “Renting an Apartment.”  You may work in groups (no more than 4 to a group)  Complete the sheet. For part 1 you may use the internet (8 min per group please!)  Chicago Apartment Finder Chicago Apartment Finder  If you are waiting for a computer, you can work on the other parts