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Attitude Inventory

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.

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Attitude Inventory

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  1. Attitude Inventory Business Law II Chapter 18—Ownership & Leasing of Real Property

  2. Take stock of your attitudes by completing the following inventory. Read each statement and decide how you feel about the attitude presented.

  3. 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 • Undecided

  4. 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 • Undecided

  5. Only lawyers can read leases with understanding. • Agree • Disagree • Undecided

  6. Much rental housing is overpriced. • Agree • Disagree • Undecided

  7. Those who spend 35 percent of their income for rent are spending a reasonable amount for that purpose. • Agree • Disagree • Undecided

  8. A lease between an owner and tenant should clearly define the rights of both parties. • Agree • Disagree • Undecided

  9. Owning a home is an important part of the “good life.” • Agree • Disagree • Undecided

  10. Wise consumers wait until they can pay cash before buying a home. • Agree • Disagree • Undecided

  11. Over the years, houses have proven to be very poor investments. • Agree • Disagree • Undecided

  12. For average consumers, the best way to buy a home is to have it custom-built. • Agree • Disagree • Undecided

  13. Poor workmanship in home construction is a common consumer problem. • Agree • Disagree • Undecided

  14. Before buying a home, a person should expect to be living in the same area for three years or more. • Agree • Disagree • Undecided

  15. As a general rule, renting is more expensive than buying. • True • False

  16. 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

  17. Very often an old home will cost more than an entirely new home containing the same housing facilities. • True • False

  18. 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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