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5.1 State FOUR requirements to qualify for a government housing subsidy - NSC Consumer Studies - Question 5 - 2016 - Paper 1
Question 5
5.1 State FOUR requirements to qualify for a government housing subsidy. 5.2 Name THREE factors an eco-conscious consumer should consider when shopping for househol... show full transcript
Worked Solution & Example Answer:5.1 State FOUR requirements to qualify for a government housing subsidy - NSC Consumer Studies - Question 5 - 2016 - Paper 1
Step 1
Identify the type of contract referred to in paragraph 1 and give TWO legal implications of signing this contract for Deon.
Answer
The type of contract referred to is a lease/rental agreement. Two legal implications for Deon in signing this contract include: 1) He must adhere to the terms outlined in the lease, including payment of rent on time, and 2) He is obligated to maintain the property and return it in good condition at the end of the lease.
Step 2
Step 3
Discuss FOUR advantages of the type of ownership for the landlord of the unit.
Answer
- The property can be used as security for a bank loan, enhancing financial stability. 2) It provides a steady income stream as rent is collected monthly from tenants. 3) The landlord can benefit from capital appreciation as property values increase over time. 4) There is less day-to-day management, as the body corporate generally oversees administrative functions.
Step 4
Explain what Deon should have done to protect himself legally, before he signed the contract and moved into the unit.
Answer
Before signing the contract, Deon should have conducted a thorough inspection of the property to identify any existing issues. He should have documented these findings, preferably with photographs, and discussed them with the landlord. Additionally, he could have sought legal advice to ensure his rights and obligations were clearly outlined in the contract.
Step 5
Give FIVE reasons why Deon’s water and electricity would occupy a higher demand than those of others in the unit.
Answer
- Deon had a friend living with him, resulting in increased water and electricity usage. 2) They held frequent loud parties, which likely increased consumption due to extra lighting and appliances in use. 3) The electrical issues such as faulty light fittings might have led to higher energy consumption. 4) The use of multiple hair clippers for the barber business increased overall electricity demand. 5) Existing plumbing issues, such as the leaking tap and running toilet, would have contributed to unnecessary water waste.
Step 6
Discuss why Deon should ensure that his deposit back when he moves out.
Answer
Deon should ensure the return of his deposit because it is his rightful property, provided he maintained the unit in a satisfactory condition. He can also present documentation and video evidence to clarify any disputes regarding the condition of the property upon his departure. This will help him recover his funds, which he may need to secure future housing.