A Common Cost Associated with Renting Is

question 25

Multiple Choice

A common cost associated with renting is:

• A)the down payment.
• B)closing costs.
• C)property taxes.
• D)maintenance costs.
• E)the security deposit.

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Definitions:

Agent's Contract

A legal agreement that specifies the rights and obligations of an agent acting on behalf of another party, the principal.

Bound

Being legally or morally obligated to do something or restricted by some form of constraint.

Ratify

To formally approve or confirm an agreement or treaty, making it officially valid.

Principal

The original amount of money invested or loaned, not including profits or interest.