All of the following components are commonly found in rental housing agreements except:
awhether the renter can have pets in the house
bhow much the renter will pay
cwhat type of renter’s insurance the renter must buy
dwhich repair types the renter will be responsible for

Option A is correct.

All of the components except “whether the renter can have pets in the house” are commonly found in the rental housing agreement.

Further Explanation:  

The rental housing agreement contains detailed information about the terms and conditions of letting out the property.

Justification for the correct and incorrect

A

Whether the renter can have pets in the house: This option is correct.

The rental agreement does not include any terms and condition as to whether the person who has rented the house can keep pets in the house.

B

How much the renter will pay: This option is incorrect.  

The rental agreement contains details about the amount of rent the person has to pay every month, quarterly, or any annual amount. The rent is fixed between the parties mutually.

C

What type of renter’s insurance the renter must buy: This option is incorrect.

The rental agreement may also contain terms and condition about what kind of insurance a person is required to take in order to protect the property from any damage.  

D

Which repair types the renter will be responsible for: This option is incorrect.  

The agreement may also contain the details regarding the maintenance or repairs that are covered by the renter.

Learn more:

1.      Learn more about owning a car

2.      Learn more about the car insurance

3.      Learn more about the purchase and lease of the car

Answer details:

Grade: High School

Subject: Business Studies

Chapter: Rental Agreement

Keywords: The components are commonly found in rental housing agreements, whether the renter can have pets in the house, how much the renter will pay, what type of renter’s insurance the renter must buy, which repair types the renter will be responsible for.

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