DC Property Manager Exam (Latest 2026/2027 Update) Questions with Verified Answers | 100% Correct | Graded A+

DC Property Manager Exam (Latest 2026/2027
Update) Questions with Verified Answers | 100%
Correct | Graded A+
Question:
What is a Leasehold Interest??
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Answer:

When the owner leases a property, it temporarily transfers to the tenant a
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portion of the right of possession.
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Question:
What does the term "Triple Net" mean when referring to commercial
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leases?

Answer:
refers to commercial tenant paying ALL Operating Expenses including real
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estate taxes, insurance, roof maintenance, landscaping, etc. This is the
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most commonly found in industrial leases.
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Question:

Percentage Lease? i,-




Answer:

A lease, that requires tenant to pay rent based on a calculation that
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relates directly to the tenant's gross sales. Usually stipulates a base
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,monthly rental plus a percentage of any gross sales above a certain
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amount.




Question:
The rights of a property owner include........?
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Answer:

The right of possession, the right of control, the right of exclusion, the
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right of enjoyment, the right to sell.
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Question:

Escalator Clause? i,-




Answer:

When multi-year leases contain a provision for the owner to increase the
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rent on the lease's anniversary date.
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Question:

Separation of Funds? i,- i,-




Answer:

, Funds must be kept separate from property manager's accounts. Funds
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that the property generates belong to the owner and should be deposited
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into owner's account.
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Question:

Asset Management focuses on?
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Answer:

The property's long term planning, leasing and asking rates, negotiates
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commercial leases, evaluates mortgages & opportunities to refinance the
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loan,considers strategies to maximize value and when to market the
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property for sale. i,- i,-




Question:

What common method is used to determine a property's Investment
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Value??
Answer:

Net Operating Income is divided by the Capitalization Rate
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(NOI/Cap Rate= Value) i,- i,-




Question:
What are the four categories related to Maintenance??
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Answer: