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 subsidie... 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
Rates/municipal services
Electricity
Step 2
Explain the term deed of sale.
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Answer
A deed of sale is a legal document that indicates the agreement between the buyer and seller regarding the sale of a property. Once signed, it legally binds both parties to the terms of the sale, including the price and any conditions.
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 local 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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Tailored design to meet personal preferences and needs.
Potential increase in property value over time.
Lower maintenance costs compared to older homes.
Energy-efficient building methods can reduce utility expenses.
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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Draft and sign a lease or rental agreement.
Conduct a property inspection and document any existing damages.
Step 7
Explain the advantages of living in a sectional title complex.
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Shared responsibilities for maintenance and management, reducing individual burden.
Enhanced security through collective measures such as gated access.
Step 8
Explain why buying a home is a long-term financial commitment.
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Buying a home requires substantial upfront and ongoing costs, including the mortgage, property taxes, and maintenance. It represents a long-term investment, often requiring years of monthly payments and financial planning.
Step 9
Explain THREE items that go with homeownership that need to be paid regularly.
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Mortgage payments: Monthly installments paid towards the loan used to purchase the home.
Property taxes: Regular taxes based on the property's assessed value, payable to the local government.
Homeowner's insurance: A necessary insurance policy to protect against damages to the home.
Step 10
Name TWO possible disadvantages of this oven.
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It is more expensive than a single oven.
It can consume more energy than a standard oven.
Step 11
Name TWO advantages of using energy efficient appliances.
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They reduce energy bills as they consume less electricity.
They have a lower impact on the environment, contributing to reduced carbon footprint.
Step 12
Discuss the suitability of this oven in terms of:
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5.10.1 Saving human energy: This oven has an easy-to-clean enamel interior, which saves time on maintenance.
5.10.2 Saving non-human energy: It is eco-energy efficient, allowing for reduced energy consumption.
5.10.3 Universal design features: The oven includes user-friendly knobs and features that make it accessible for all users.
