RENTING Flashcards
1
Q
DISADVANTAGES of renting.
A
- not all LANDLORDS ARE COOPERATIVE
- you may NOT be able to RENEW YOUR LEASE
- you WONT be able to RENOVATE or make CHANGES to the property to suit your needs
- you may have to RELOCATE
2
Q
ADVANTAGES of renting.
A
- no home loan DEBT
- much LOWER INITIAL COSTS
- monthly rent is usually CHEAPER THAN PAYING A MORTGAGE
- more FLEXIBILITY
- more MOBILITY
- lower FINANCIAL RISK
- REPAIRS & MAINTENANCE is dealt with by the landlord
