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Module 7: Rental Property (Core)

Suggested Time: 3-5- hours

Foundational Objectives

Common Essential Learnings Foundational Objective

Note: Other CELs may be emphasized.

Learning Objectives

Notes

  1. To discuss the pros and cons of renting accommodation. (PSVS)

 

 

 

Outline the factors to be considered when making a decision to buy or rent housing. Consider income, available housing, location, attitudes toward owning property, job mobility, stage in the family life cycle, size of the family, available financial assistance, credit rating, etc.

List the advantages and disadvantages of renting and buying.

Create a list of characteristics of a family that would be more suited to housing rental than housing purchase.

Debate renting vs. buying accommodation.


  1. To assess rental requirements of various families and the options available within the community.

 

 

 

Students are to create a list of considerations for determining rental needs. Ideas such as cost, location, access to public transportation, lease, type of accommodation, and space should be discussed.

List costs involved in rental accommodation such as rental payments, utilities, parking, luxury features, maintenance, repairs and remodeling, insurance, laundry, and damage deposit.

Define low rental public housing. Discuss the advantages and disadvantages of low rental housing. Investigate low rental public housing in your area to determine rental cost, types available, and eligibility to occupy these units.

Invite a speaker from a housing authority.

Investigate the cost of rental property and options within your area.

Given a case study of a family, locate suitable rental property and state reasons for your choice. (CCT)


  1. To determine criteria for selecting rental accommodation.

List common types of rental housing: high rise apartments, duplexes, row housing, single family dwellings, suites, walk ups (low rise), board and room, and bachelor suites (studio apartments).

Discuss how potential renters may obtain information about prospective rental sites and landlord services.


  1. To evaluate types of rental accommodation. (CCT)

Make a list of points to consider when evaluating potential rental accommodation.


  1. To determine types of rental housing available for purchase within a community.

List examples of rental housing available within a community available for purchase. Examples such as apartments, duplexes, row housing, or single family dwellings may appear on the list.


  1. To investigate the residential tenancies act. (IL)

Invite a speaker to discuss the Residential Tenancies Act.

Ask the students to research the laws that are in effect to protect a landlord or a renter.


  1. To determine the procedure for making a rental agreement. (COM)

Define the term rental agreement (lease). Discuss verbal and written rental agreements and what should be included in each agreement.

Discuss the process for subletting.

Invite a lawyer, real estate agent, or a rentalsperson to speak about leases and what should be contained in a lease.

Ask the rentalsperson to speak about his/her work as a career choice. See Learning Objective 2.1 for ideas about guest speakers.

Define the term security deposit.


  1. To investigate legal, social, and moral responsibilities when renting accommodation.

 

 

 

Define the terms breach of contract and eviction. When are these terms used? Where might one go to seek legal assistance or to file a complaint?

Outline responsibilities in housing: upkeep repairs, structural repairs, redecorating or remodeling, landscaping and yard upkeep, obeying rules, make payments on time, cleanliness, etc. Identify the responsibilities of the tenant and those of the landlord from the responsibilities listed by the class.

Define the following terms: lessee, lessor, lease.

 

 

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