3/2/26, 5:28 PM SC Property Management Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
SC Property Management Exam comprehensive
questions fully solved & updated (Latest Update
2026) UPDATE!!
Save
Terms in this set (100)
Residential Landlord and Tenant Act Created in 1986
Residential Landlord and Tenant Act Simplify, clarify, modernize, and revise the law
- Purpose governing rental of dwelling units and the rights,
obligations of landlords and tenants. To encourage
landlords and tenants to maintain and improve the
quality of housing.
Administration Remedy Any right or obligation declared is enforceable by
action unless the provision declaring it specifies a
different and limited effect.
Settlement of disputed claim or right A claim or right arising on a rental agreement, if
disputed in good faith, may be settled by
agreement.
Action Include recoupment, counterclaim, set-off, suit in
equity, and any other proceeding in which rights
are determined, including an action for possession.
https://quizlet.com/1150508390/sc-property-management-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-card… 1/18
,3/2/26, 5:28 PM SC Property Management Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
Building and Housing Codes - Any law, ordinance, or governmental regulation
Enforcement concerning fitness for habitation, or the
construction, maintenance, operation, occupancy,
use, or appearance of any premise or dwelling unit.
Dwelling Unit A structure or the part of a structure that is used as
a home, residence, or sleeping place by one
person who maintains a household or by two or
more persons who maintain a common household
and includes landlord-owned mobile homes.
Property that is leased for the exclusive purpose of
being renovated by the lessee (tenant) is not
considered a dwelling unit within the meaning.
Lessor (owner)
Fair-Market Rental Value - Collusion The actual periodic rental payment for comparable
rental property to which a willing landlord and a
willing tenant would agree. In determining the fair-
market rental value the court may consider
appraisals offer by the tenant, landlord, realty
experts, licensed appraisers and other relevant
evidence.
Good Faith Honesty in fact in the conduct of the transaction
concerned
Landlord The owner, lessor, or sublessor of the premises and
also means manager of the premises who fails to
disclose
https://quizlet.com/1150508390/sc-property-management-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-card… 2/18
, 3/2/26, 5:28 PM SC Property Management Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
Organization Includes a corporation, government, governmental
subdivision or agency, business trust, estate, trust,
partnership or association, two or more persons
having a joint or common interest, and any other
legal or commercial entity
Owner Means one or more persons, jointly or severally, in
whom is vested in all or part of the legal title to
property or all or part of the beneficial ownership
and a right to present use and enjoyment of the
premises. The term includes a mortgagee (lender)
in possession.
Mortgagee A lender in a mortgage loan transaction.
Mortgager an owner who gives a security interest in property
in order to obtain a loan
Person Includes an individual or organization
Premises - Property "Appliances" Means a dwelling unit and the structure of which it
is a part and facilities and appurtenances therein
and grounds, areas, facilities held out for the use of
tenants generally or whose use is promised to the
tenant.
Rent The consideration payable for use of the premises
including late charges whether payable in lump
sum or periodic payments, excluding security
deposits or other charges
https://quizlet.com/1150508390/sc-property-management-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-card… 3/18
SC Property Management Exam comprehensive
questions fully solved & updated (Latest Update
2026) UPDATE!!
Save
Terms in this set (100)
Residential Landlord and Tenant Act Created in 1986
Residential Landlord and Tenant Act Simplify, clarify, modernize, and revise the law
- Purpose governing rental of dwelling units and the rights,
obligations of landlords and tenants. To encourage
landlords and tenants to maintain and improve the
quality of housing.
Administration Remedy Any right or obligation declared is enforceable by
action unless the provision declaring it specifies a
different and limited effect.
Settlement of disputed claim or right A claim or right arising on a rental agreement, if
disputed in good faith, may be settled by
agreement.
Action Include recoupment, counterclaim, set-off, suit in
equity, and any other proceeding in which rights
are determined, including an action for possession.
https://quizlet.com/1150508390/sc-property-management-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-card… 1/18
,3/2/26, 5:28 PM SC Property Management Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
Building and Housing Codes - Any law, ordinance, or governmental regulation
Enforcement concerning fitness for habitation, or the
construction, maintenance, operation, occupancy,
use, or appearance of any premise or dwelling unit.
Dwelling Unit A structure or the part of a structure that is used as
a home, residence, or sleeping place by one
person who maintains a household or by two or
more persons who maintain a common household
and includes landlord-owned mobile homes.
Property that is leased for the exclusive purpose of
being renovated by the lessee (tenant) is not
considered a dwelling unit within the meaning.
Lessor (owner)
Fair-Market Rental Value - Collusion The actual periodic rental payment for comparable
rental property to which a willing landlord and a
willing tenant would agree. In determining the fair-
market rental value the court may consider
appraisals offer by the tenant, landlord, realty
experts, licensed appraisers and other relevant
evidence.
Good Faith Honesty in fact in the conduct of the transaction
concerned
Landlord The owner, lessor, or sublessor of the premises and
also means manager of the premises who fails to
disclose
https://quizlet.com/1150508390/sc-property-management-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-card… 2/18
, 3/2/26, 5:28 PM SC Property Management Exam comprehensive questions fully solved & updated (Latest Update 2026) UPDATE!! Flashcards | Quizlet
Organization Includes a corporation, government, governmental
subdivision or agency, business trust, estate, trust,
partnership or association, two or more persons
having a joint or common interest, and any other
legal or commercial entity
Owner Means one or more persons, jointly or severally, in
whom is vested in all or part of the legal title to
property or all or part of the beneficial ownership
and a right to present use and enjoyment of the
premises. The term includes a mortgagee (lender)
in possession.
Mortgagee A lender in a mortgage loan transaction.
Mortgager an owner who gives a security interest in property
in order to obtain a loan
Person Includes an individual or organization
Premises - Property "Appliances" Means a dwelling unit and the structure of which it
is a part and facilities and appurtenances therein
and grounds, areas, facilities held out for the use of
tenants generally or whose use is promised to the
tenant.
Rent The consideration payable for use of the premises
including late charges whether payable in lump
sum or periodic payments, excluding security
deposits or other charges
https://quizlet.com/1150508390/sc-property-management-exam-comprehensive-questions-fully-solved-updated-latest-update-2026-update-flash-card… 3/18
