Ann Cohen signed a lease for an apartment that required that she pay the first month's rent of $2,200, the last month's rent of $2,200, and a cleaning deposit of $350. Ann wonders, "Isn't it a violation of the law to require someone to pay almost $5,000 to move into an apartment?" Choose from the following your response to Ann:
A) Ann is correct; under the URLTA, the landlord has exceeded the
amount permitted for tenant deposits.
B) Ann is incorrect; prepaid rent is not considered a deposit and the first month's rent is due - the cleaning deposit is within URLTA limits.
C) Ann is correct because the deposits required exceed one month's rent, the URLTA limit.
D) Ann is correct because the amount required cannot exceed one month's rent by more than 10% under the URLTA.
B
You might also like to view...
A continuous probability distribution that is useful in describing the time, or space, between occurrences of an event is a(n) _____ probability distribution.
A. normal B. uniform C. exponential D. Poisson
The VALS system seeks to explain why and how consumers make purchase decisions. Consumers motivated by ideals are guided by knowledge and principle. Explain the difference between Thinkers and Believers.
What will be an ideal response?
Milo files a suit against Otis. At the trial, each party’s attorney presents the party’s case before a judge who hears the dispute and renders a legally binding decision. This is
a. a mini-trial. b. a summary jury trial. c. litigation. d. not a legitimate form of dispute resolution.
Consider a work center with a demand rate of 35 parts per hour and using a container that can hold 10 parts. It is estimated that the container takes 1 hour to cycle through the work cell. Assume a safety stock level of 20 percent. What is the value of T (time) for this system?
a. 35 b. 10 c. 1 d. 0.2