One upfront cost of renting an apartment is the security deposit. true false

The correct answer is True

Explanation:

In finance, an upfront cost refers to a cost or payment you should pay at the beginning of a specific contract or before you acquire certain goods. For example, inspection fees are part of upfront costs because you need to pay these before really buying a property. This implies a security deposit can be considered as part of an upfront cost considering this need to be pay at the beginning of a contract between the landlord and the tenant, and before the tenant can move into the house or apartment. Thus, one upfront cost of renting an apartment is the security deposit.

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