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Course, Subject

Grade 12: Economics, the Enterprise System, and Finance, Social Studies, Social Studies

Lesson Objectives

Students interpret and analyze terms of rental agreements by examining the lingo used in these agreements.

Duration

50 minutes: Entire activity

Description

Students often sign apartment rental agreements without an understanding of what the agreement really means. Rental agreements are a contract between the tenant and landlord. Reading and interpreting sections from rental agreements can help students understand their rights and responsibilities.

This lesson is one part of a larger unit, Independent Living. While completing this unit, students will learn about: landlord and tenant rights and responsibilities; deciphering rental and leasing agreements; costs of establishing a first residence; benefits of budgeting; major categories of living expenses; surviving and thriving with roommates.

Consumer Jungle units are designed to be flexible, and can be used as one integrated unit or individual segments. If you are planning to use the unit in its entirety, please see the Related Content field for the additional lessons. The End of Unit Assessment field contains links to the vocabulary, concept, and content quizzes for the unit.

Materials

• Copies of  the Rental Lingo student worksheet
• Copies of the  Sample Lease student worksheet
• Teacher copy of the Rental Lingo Answer Key
• Landlord Tenant Law PowerPoint
• Landlord Tenant Laws by State Excel file

Step-by-Step Procedure

1. Give students 5 to 10 minutes to read and review Sample Lease agreement forms.
2. Distribute the handout Rental Lingo and ask students to complete the worksheet.
3. Debrief as a class by reviewing responses using the teacher key as a guide.

Related Content

• A Place to Hang Your Hat
• Budget Basics
• It Costs How Much!?!?
• Reality Check
• Surviving or Thriving with Roommates
• Surviving Solo
• TV Roommates

End of Unit Assessment

Students can take the vocabulary and concept quizzes via pen and paper.

Downloads:

• Independent Living Vocab Quiz
• Independent Living Concept Quiz

Content Provider

Consumer Jungle is dedicated to providing young adults with the life skills they need to become responsible, informed consumers. Consumer Jungle provides engaging and relevant consumer education curricula covering a variety of topics such as credit cards, transportation, living on your own, personal finances, telecommunications, health, and e-commerce fraud. Developed with input from teachers, students, and parents, Consumer Jungle delivers interactive games, activities, and relevant information directly to the home or classroom.

Website(s)

Consumer Jungle is dedicated to providing young adults with the life skills they need to become responsible, informed consumers. Consumer Jungle provides engaging and relevant consumer education curricula covering a variety of topics such as credit cards, transportation, living on your own, personal finances, telecommunications, health, and e-commerce fraud. Developed with input from teachers, students, and parents, Consumer Jungle delivers interactive games, activities, and relevant information directly to the home or classroom.

Related Academic Standards

New York State

HPF.FC.C.2.1.C Students understand essential requirements for selecting and maintaining a home.

HPF.FC.C.3.1.A Students analyze a wide range of factors related to managing personal resources to balance obligations to work, family, and self.

HPF.FC.C.3.1.B Students understand the basics of an individual/family budget and plan to obtain, use, and protect money and assets.

MST7.C.C.CO.1.2 Students analyze and quantify consumer product data, understand environmental and economic impacts, develop a method for judging the value and efficacy of competing products, and discuss cost/benefit and risk/benefit tradeoffs made in arriving at the optimal choice.

SS.C.4.1B Students define and apply basic economic concepts such as scarcity, supply/demand, opportunity costs, production, resources, money and banking, economic growth, markets, costs, competition, and world economic systems.