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Related Flashcards
Related Topics
Cards In This Set
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Highest and best use of property
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Most profitable use of a particular property
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Estimating future operating expenses could be done by?
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Reviewing operating expenses on comparable properties
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The maximum estate a person can hold?
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Fee simple estate
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Federal Fair Housing Act covers
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Discrimination in residential mortgage financing
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A Property Manager may
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Collect a commission for the lease of an owners real estate
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An operating budget
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Establishes rental income for a year
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Reconciled bank balance of the client trust acct must equal the sum balances in?
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Each individual owners ledger acct
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When contemplating a budget forecast, a property manager should?
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Study past budget, past income and expense reports
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Cash Flow Reports provide?
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Actual financial status of a property during a given period of time
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Tenancy for years (estate for years)
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Fixed period of time (definite beginning and ending)
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Periodic Tenancy
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No fixed date, renews automatically
Tenancy from year to year falls here |
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Tenancy at Will
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No definite term date. Expires at death
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Tenancy of Suffering
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Tenant stays after lease expires
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Flat Lease (fixed Lease)
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Payments the same throughout the lease
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Graduated Lease
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Periodic increases (escalator clause)
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