5.1 Name THREE payments that most tenants have to make every month - NSC Consumer Studies - Question 5 - 2017 - Paper 1
Question 5
5.1 Name THREE payments that most tenants have to make every month.
5.2 Explain the term deed of sale.
5.3 State to whom applications for government housing subsid... show full transcript
Worked Solution & Example Answer:5.1 Name THREE payments that most tenants have to make every month - NSC Consumer Studies - Question 5 - 2017 - Paper 1
Step 1
Name THREE payments that most tenants have to make every month.
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Answer
Rent
Utility bills (such as water and electricity)
Refuse/sewerage removal fees
Step 2
Explain the term deed of sale.
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Answer
A deed of sale is a legal document that represents an agreement between the buyer and seller for the purchase of a property. It typically outlines the terms of the sale, including the purchase price, conditions, and obligations of both parties.
Step 3
State to whom applications for government housing subsidies must be submitted.
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Applications for government housing subsidies must be submitted to the relevant provincial housing department or the accredited municipality.
Step 4
Give the qualifying criteria for government housing subsidies in terms of:
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5.4.1 Citizenship: The applicant must be a South African citizen.
5.4.2 Age: The applicant must be at least 18 years old.
Step 5
Give FOUR possible financial advantages of building a house.
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Increased property value over time.
Potential tax benefits, such as deductions for mortgage interest.
Customization options that could lead to better resale value.
Stability in monthly housing costs compared to renting.
Step 6
State TWO procedures that must be followed by a landlord and tenant before a tenant may move into a rental property.
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A rental agreement must be drafted and signed.
The property must be inspected, and any defects should be documented.
Step 7
Explain the advantages of living in a sectional title complex.
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Shared responsibilities for maintenance reduce individual costs and efforts.
Enhanced security features, as the complex may have controlled access and surveillance.
Step 8
Explain why buying a home is a long-term financial commitment.
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Buying a home involves substantial upfront and ongoing costs, including a mortgage, property taxes, and maintenance. These costs make homeownership a long-term financial engagement impacting the buyer's budget for many years.
Step 9
Explain THREE items that go with homeownership that need to be paid regularly.
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Mortgage payments: Cover both principal and interest regularly.
Property taxes: Paid annually or semi-annually based on assessed value.
Homeowners insurance: Provides coverage against potential risks, paid monthly or annually.
Step 10
Name TWO possible disadvantages of this oven.
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It is more expensive than a single oven.
It may have a steeper learning curve for users unfamiliar with a double oven.
Step 11
Discuss the suitability of this oven in terms of:
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5.10.1 Saving human energy: The oven features an easy-to-use enamel interior and user-friendly controls, which reduce the effort and time needed for cooking.
5.10.2 Saving non-human energy: Being eco-energy efficient, it reduces the load on the national grid by consuming less electricity.
5.10.3 Universal design features: The oven includes reversible doors and easy control knobs to accommodate various user needs, enhancing accessibility.
