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
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