Advanced Rent Calculation Worksheet
A Grade 12 math worksheet focusing on advanced rent calculation scenarios, including prorated rent, security deposits, and rental income analysis.
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Standards
Advanced Rent Calculation Worksheet
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Read each question carefully and show all your work. Use appropriate formulas and calculations to arrive at your answers. Round all monetary values to two decimal places.
1. Sarah is moving into an apartment on October 18th. The monthly rent is $1,450. Calculate the prorated rent Sarah owes for October. Assume there are 31 days in October.
2. Mark is signing a lease for an apartment with a monthly rent of $1,200. The landlord requires a security deposit equal to one and a half months' rent. Mark also needs to pay the first month's rent upfront. The total amount Mark needs to pay before moving in is .
3. A landlord owns a property with a monthly mortgage payment of $800, property taxes of $250 per month, and insurance of $50 per month. If the landlord wants to achieve a 20% profit margin on top of their expenses, what should be the monthly rent?
$1,320.00
$1,380.00
$1,560.00
$1,620.00
4. A tenant's monthly rent was $950 last year. This year, the rent increased to $1,025. Calculate the percentage increase in rent.
5. In an area with rent control, landlords are always allowed to increase rent by any amount they deem necessary.
True
False