Property Management Examination Flashcards

Prepare for Property Management Examination with our flashcards. Learn key terms, definitions, and much more with our flashcards. Attempt these simple quizzes and be prepare for the Property Management Examination with us. Be sure to see how much you recall from them by taking a quiz.

45 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
How are fudiciary relationships created?
When an owner signs a property management agreement.
What paperwork should be included in a permanent file?
All paperwork pertinent to the leased property.
What are some of the most important things to and industrial tenant?
Space, transportation and good labor force in the area.
What do gross leases require the landlor to pay?
All upkeep and debts on the leased property.
When landlords do not keep properties habitable tenants my constructively evict themselves after how many days?
Fourteen (14)
What does preventive maintenance eliminate?
Corrective maintenance
What important factor should be considered when deciding if you should increase rental fees?
How many people will move out.
Who is responsible when a lease is assigned or subleased?
The original lessee.
Leases are a transfer of _____________ only.
Possession
What is blockbusting?
Inducing to sell or lease by claims of a minority movin in the neighborhood.
What law does blockbusting break?
The Fair Housing Act
In a net lease who is responsible for many of the landlord's expenses?
The tenant
Landlord's/Owners have a right of reversion. What is reversion?
The right of reversion is the property goes back to the owners at the end of a lease.
If a tenant vacates a property before the end of a lease, does this end the lease?
No
Explain a tenancy at will
Tenants can stay on the property past the time of the lease. Only lease that is broken by death.