Question

One upfront cost of renting an apartment is the security deposit. True False

Answer 1

True. It shows a level of responsibility to think ahead and be prepared. It also shows the landlord that you are good with handling your money It gives a way for the property owner or landlord, to be able to recover from any damages or loss in rents. It also shows banks a strenght in the fact that you are operating good business practices. There are more but that is just a few.

Answer 2

The correct answer is True

Explanation:

In finance, an upfront cost refers to a cost or payment you should pay at the beginning of a specific contract or before you acquire certain goods. For example, inspection fees are part of upfront costs because you need to pay these before really buying a property. This implies a security deposit can be considered as part of an upfront cost considering this need to be pay at the beginning of a contract between the landlord and the tenant, and before the tenant can move into the house or apartment. Thus, one upfront cost of renting an apartment is the security deposit.