Business, 28.08.2019 14:10 kaylin28

Which of the following is not an advantage of renting?
a.
ease of mobility
b.
fewer responsibilities
c.
lower initial costs
d.
restricted lifestyle

Answers: 2

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Answers

Answer from: stuart50

Restricted lifestyle is not an advantage of renting. When you are renting from a person or a rental company, it is their property you are living in while paying them for renting it to you. Due to the property being owned by someone else, there are often restrictions on what you can and can’t do in the home. While renting, easy of mobility, fewer responsibilities and lower initial costs are all advantages. Since you do not own the home, it is easier to move around because your lease term is usually only a one year commitment. The larger responsibilities fall back on the home owner or company you are renting from rather than something you as the renter are in charge of. There are lower initial costs when you rent rather than own a home, most common you just have to pay first months rent twice one acting as a security deposit.

Answer from: india73

The correct option is d.

Restricted lifestyle is not an advantage of renting.

Further Explanation:

Renting:

Renting is a payment made to the owner of the property for using their property for some period. A regular payment is made to the owner of the property for residing over.

Justification for the correct and incorrect

ease of mobility: This option is incorrect.

Renting has an ease of mobility as if the individual do not like the house or property, they can shift easily. Renting has this benefit of ease of mobility.

fewer responsibilities: This option is incorrect.

Renting has fewer responsibilities as the owner has the whole responsibility of the property. This is one of the advantage of the renting.

lower initial costs: This option is incorrect.

Renting has lower initial costs as it requires a small amount of rent to be paid than purchasing a house.

restricted lifestyle: This option is correct.

Renting does not have restricted lifestyle. So this option is correct as restricted lifestyle is not an advantage of renting.

Thus, restricted lifestyle is not an advantage of renting.

Learn More:

1. Renting and owning

2. Rental hosing agreement

3. Insurance bill

Answer Details:

Grade: High school

Chapter: Renting

Subject: Business studies

Keywords:

Which of the following is not an advantage of renting, ease of mobility, fewer responsibilities, lower initial costs, restricted lifestyle.

Answer from: Quest

You need to give the options.

Answer from: Quest

You can tell by just looking at it

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Which of the following is not an advantage of renting?
a.
ease of mobility
b.

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