Grade 9 Rent Calculation Worksheet
A worksheet for Grade 9 students to practice calculating rent, understanding different payment structures, and budgeting for housing expenses.
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Standards
Rent Calculation Worksheet
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Read each question carefully and show all your work. Round all monetary values to two decimal places.
1. The payment made periodically by a tenant to a landlord for the use of property is called .
2. A is a legal agreement outlining the terms of a rental, including the rent amount and duration.
3. An amount of money paid by a tenant to a landlord as security against future damages or unpaid rent is known as a .
4. Sarah is looking to rent an apartment for $1,200 per month. If she needs to pay a security deposit equal to one and a half months' rent, how much will she need to pay upfront before moving in?
5. Which of the following is typically NOT included in the monthly rent payment?
Water bill
Property taxes
Building maintenance
Landlord's insurance
6. A family pays $1,550 in rent each month. What is their total annual rent expense?
7. A lease agreement always requires a security deposit.
True
False
8. John earns $3,000 per month. Financial experts recommend spending no more than 30% of gross income on rent. What is the maximum amount John should spend on rent each month?