Question

1. A regular payment to a landlord charged for using an apartment or other housing space is called ___________.

rent

a cooperative

a lease

a mortgage loan 2. A contract specifying the legal responsibilities of both the tenant and landlord is known as a __________. power of attorney rental agreement lease mortgage loan 3. Which of the following is NOT considered a a minimum standard of habitability? Running water A washer and dryer Heat A working stove 4. Deciding not to go skydiving is an example of handling risk through __________. risk rentation risk reduction risk avoidance risk transfer

Answer 1

1. Regular payment to a landlord charged for using an apartment or other housing space is called Rent.

Rent is also known as letting or Renting. Rent is a type of payment which are paid for usage of goods like property which are owned by another are called Renting.

2. A contract specifying the legal responsiblities of both the tenant and landlord is known as a Rental Agreement.

Rental Agreement is the agreement which the between the owner or taken party on rent. Rent Agreement describes that for how many year rent are paid and in what amount etc.

3. Heat is not consider a minimum standard of habitability. Every rent agreement must take the attention for cleaniness, safety and health. Standard habitability is not consider the heat.

4. Deciding not to go skydiving is an example of handling risk through Risk Rentation. Risk Rentation is the part where every person is taking to get high profit in anywhere else.

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