Group 5 Application and Analysis Quiz

A tenant signs a lease that includes paying a portion of property taxes and maintenance. What kind of lease is this?

• Gross

• Ground

• Net

• Sublease

A property manager notices leaking pipes. What type of maintenance is required?

• Preventive

• Corrective

• Deferred

• Emergency

A retail tenant pays $2,000/month plus 5% of monthly sales. What type of lease is this?

• Net

• Gross

• Percentage

• Ground

A tenant rents a home for one year. After it ends, they stay without signing a new lease. This is called:

• Estate at sufferance

• Estate for years

• Estate at will

• Periodic tenancy

A tenant complains about mold and no heat in winter. The landlord refuses to fix it. What can the tenant claim?

• Constructive eviction

• Sublease right

• Property lien

• Net lease

An owner hires a manager to oversee a 20-unit apartment. What must they sign?

• Purchase agreement

• Lease renewal

• Management agreement

• CMA report

A commercial property manager collects rent, schedules repairs, and pays utilities. Who do they legally represent?

• The tenant

• The appraiser

• The city

• The property owner

A tenant causes serious property damage. What insurance would protect the owner?

• Flood

• Title

• Liability

• Personal

What would a property manager do to prepare a vacant unit?

• List it for sale

• Lower taxes

• Clean, inspect, and market the unit

• Cancel the lease

A management agreement outlines:

• How to pay rent

• Lease durations

• Duties and responsibilities of the manager

• Loan terms