Which of the following costs are associated with renting an apartment? I. First and last month's rent II. Furnishings III. Security deposit IV. Utility deposits

• A. I, II
• B. I., II., III., and IV.
• C. I, II, III, and IV
• D. I., II., IV.

Answer: (B)

When you rent an apartment, there are several upfront and ongoing costs that can show up, not just the monthly rent. First and last month’s rent is commonly collected at signing to secure the lease and cover the final month you’ll stay. A security deposit protects the landlord against damages beyond normal wear and tear and is usually refundable when you move out if there’s no damage. Utility deposits may be required by the utility company to set up service (electric, gas, water), and these are paid to the utility provider rather than the landlord. Furnishings come into play if you’re renting a furnished unit or opting to include furniture in the arrangement; either way, the cost can be part of the rental deal in some form. Because all of these scenarios can occur in renting, they’re all considered costs associated with getting and staying in an apartment.