Lesson 2: The Move-In
Duration of Days: 7
Lesson Objective
Students will total the "startup costs" (1st, last, and security) and identify "too good to be true" rental scams.
Why do I need $4,000 to move into a $1,400 apartment?
Security Deposit
Application Fee
Pro-rated
NRT.Q.3
CRP.02
Description: Students calculate the total "Upfront" cost of an apartment (1st Month + Last Month + Security Deposit) and identify mathematical "Red Flags" in fraudulent listings.
Purpose: To prepare students for the massive "one-time" cash requirement of moving and to protect them from financial predatory behavior.
DOK Level: 3
Use a "Total Cost" graphic organizer with pre-set boxes for 1st Month, Last Month, and Security.
Extension: Calculate the interest earned on a security deposit over a 12-month lease.
A "Move-In Quote" sheet for a local apartment.
Mock lease agreements with "Fine Print," play money, and "Red Flag" checklists for online scams.