Consumer Math
p. 82-83
Renting a Home
Many people rent their homes. They pay
a monthly or weekly fee to the
landlord, the owner of the property
rented to another person. Renters also
sign a lease. This contract or
agreement states the amount of rent
and the length of time that the
property will be rented.
Renting Rule
The renter’s rule says you should spend no
more than one week’s income for a month’s
rent.
Applying this rule helps the renter to have
enough money for other needs, such as
food, clothing, utilities, and transportation.