Property Management Progress Exam

Front

Which of the following would pay the lowest percentage lease? A chain grocery store, A parking lot, A department store, A hardware store

Back

A chain grocery store

Front

A property manager:

Back

may not gain any advantage over the property owner.

Front

A kiosk is:

Back

a free-standing information booth.

Front

A lease where the lessee pays the property taxes is:

Back

a net lease.

Front

If the lessee agrees to pay property taxes as well as rent, this would indicate a(n):

Back

net lease.

Front

Constructive eviction may allow for a tenant to vacate the premises before the expiration of a lease term. Which would be an example of constructive eviction? Landlord has shown property to prospective tenant and is negotiating terms, Property cannot be used for original purpose due to unnecessary and considerable changes made by landlord, Landlord fails to make necessary repairs, All of the above

Back

All of the above

Front

The initials "I.R.E.M." stand for:

Back

The Institute of Real Estate Management.

Front

Under a normal month-to-month rental, how much notice must a tenant give when moving out?

Back

30 days

Front

Consideration paid for the use of a property is called:

Back

rent.

Front

An owner of an apartment building is considering an extensive modernization program. He should put his highest emphasis on: cost, history of vacancy, potential increase in real property taxes, net effect on income.

Back

net effect on income.