Maryland Home Improvement PSI Practice Exam

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Prepare for the Maryland Home Improvement Test. Study using flashcards and multiple-choice questions, each with hints and explanations. Get ready to excel on your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What type of lease would BEST suit a couple wishing to rent temporarily before purchasing a house?

Lease option.
Rental lease.
Month-to-month lease.
Lease purchase.

The correct answer is: Month-to-month lease.

A month-to-month lease is particularly advantageous for a couple looking to rent temporarily before committing to a home purchase. This lease type offers flexibility, allowing them to move when they find a suitable property without being tied to a long-term contract. It typically requires a shorter notice period to terminate, which means they can easily transition from renting to buying once they finalize their decision. This arrangement allows for an adaptable timeframe, which is ideal for someone in the process of exploring their options in the housing market. In contrast, a lease option or lease purchase generally involves a longer commitment or entails conditions about buying the property, which may not align with the couple's desire for temporary housing. A standard rental lease often covers a longer period, making it less flexible than a month-to-month arrangement.