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.
Water and sewerage rates.
Electricity.
Step 2
Explain the term deed of sale.
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Answer
The deed of sale is a legal document that outlines the agreement between the buyer and seller of a property. It specifies the terms and conditions of the sale, and must be signed by both parties to be valid.
Step 3
State to whom applications for government housing subsidies must be submitted.
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Applications must be submitted to the relevant provincial housing department or the municipal department of human settlements.
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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Lower maintenance costs over time.
Potential increase in property value.
Ability to customize according to personal needs.
Greater energy efficiency with modern materials.
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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Draw up and sign a lease rental agreement.
Inspect the property and document any defects.
Step 7
Explain the advantages of living in a sectional title complex.
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Lower maintenance responsibilities, as the body corporate manages common areas.
Increased security due to controlled access and monitoring.
Step 8
Explain why buying a home is a long-term financial commitment.
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Buying a home typically involves a mortgage which is paid over many years, as well as ongoing costs like property taxes, maintenance, and insurance. These financial obligations require a long-term plan and consistent financial management.
Step 9
Explain THREE items that go with homeownership that need to be paid regularly.
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Mortgage repayments: These are monthly payments made towards the loan taken to purchase the property.
Property taxes: Owners must pay local government taxes based on the assessed value of the home.
Homeowners’ insurance: This protects against loss from fire, theft, and other disasters, and must be renewed annually.
Step 10
Name TWO possible disadvantages of this oven.
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It is more expensive than a single oven.
It cannot be installed in a small kitchen.
Step 11
Name TWO advantages of using energy efficient appliances.
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They reduce energy consumption, leading to lower utility bills.
They are better for the environment, helping to conserve natural resources.
Step 12
Discuss the suitability of this oven in terms of:
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5.10.1 Saving human energy
This oven saves human energy as it has an easy-to-clean enamel interior and provides multiple cooking functions.
5.10.2 Saving non-human energy
The oven is eco-energy efficient, reducing load on the national grid and lessening environmental impact.
5.10.3 Universal design features
The features include easy-to-use control knobs and a design that accommodates users of all abilities.
