Attitude Inventory

Business Law II

Chapter 18—Ownership & Leasing of Real Property

Take stock of your attitudes by

completing the following inventory. Read each statement and decide how you

feel about the attitude presented.

A consumer needs to have a general

knowledge of what is in his/her lease, but a

line-for-line reading is unnecessary.

Agree Disagree Undecide

d

Listing the features you would like to have in an

apartment is a good idea, even when there

are few rental units available.

Agree Disagree Undecide

d

Only lawyers can read leases with

understanding.

Agree Disagree Undecide

d

Much rental housing is overpriced.

Agree Disagree Undecide

d

Those who spend 35 percent of their income for rent are spending a reasonable amount for

that purpose.

Agree Disagree Undecide

d

A lease between an owner and tenant

should clearly define the rights of both

parties. Agree Disagree Undecide

d

Owning a home is an important part of the

“good life.”

Agree Disagree Undecide

d

Wise consumers wait until they can pay cash before buying a home.

Agree Disagree Undecide

d

Over the years, houses have proven to be very

poor investments.

Agree Disagree Undecide

d

For average consumers, the best

way to buy a home is to have it custom-built.

Agree Disagree Undecide

d

Poor workmanship in home construction is a

common consumer problem.

Agree Disagree Undecide

d

Before buying a home, a person should expect to be living in the same area for three years or

more. Agree Disagree Undecide

d

As a general rule, renting is more

expensive than buying.

True False

When buying a home, a person should expect to 10 to 20 percent of the purchase price in

cash as a down payment.

True False

Very often an old home will cost more than an

entirely new home containing the same housing facilities.

True False

The cost of repairs will generally be more, for

a number of years, on a new home than on an

older one.

True False