Select the statement that is NOT a component of a standard housing lease. AWhat repairs are the renter's responsibility. BType o

Question

Arada [10]

3 years ago

11

Select the statement that is NOT a component of a standard housing lease. AWhat repairs are the renter's responsibility. BType o

f pets allowed. CThe monthly cost of rent. DPurchasing homeowner's insurance.

Social Studies

2 answers:

drek231 [11] · Answer 1 · 2022-01-04T00:24:29+03:00

(D) is the most correct answer. Most standard lease agreements will not have a clause that requires the person renting to purchase homeowner's insurance. This would be something that would more likely be done by the person renting out the property or the owner or the property.

igor_vitrenko [27] · Answer 2 · 2022-01-04T02:46:34+03:00

Purchasing homeowner's insurance.

Further Explanation:

Standard housing lease is an agreement passed between the two parties where one is a giver and the other is taker and when both the parties agree and abide by the terms and conditions laid down in the agreement. No personal statement is mentioned in the agreement. It is legal binding agreements that have facts, figures and no emotions. The homeowner's insurance is property insurance that includes private residence. It is an insurance policy that includes personal insurance, losses occurring to an individual's home, loss of personal possessions, insurance for accidents. It gives financial protection against disasters. In the United States buyers borrow money as a mortgage loan and the purchaser should take the insurance as the protection of the home if it is destroyed. In some cases, the insurance value of the land is more than the mortgage balance. The home insurance policy in the USA is different from other countries. They offer foundation insurance that reduces the coverage of the damage. The first policy of it was introduced in 1950.

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Answer Details:

Grade: High School

Chapter: Standard Housing Lease

Subject: Social Science

Keywords:

Agreement, two parties, giver, taker, abide, terms, conditions, legal binding, insurance policy, protection, disasters, mortgage balance, introduced, 1950.