SAE PROPERTY MANAGEMENT TEXAS
FINANCIAL MANAGEMENT AND
BUDGETING TEST 2026 FULL SOLUTION
GUIDE
◉ Three copies of an eviction notice should be prepared - one for the
tenant, one for the manager's attorney,
and the third for the
Answer: manager's file
◉ In most states, detailed and stringent security deposit statutes
have been passed. Which of the following is
a provision of these statutes?
Answer: The landlord must itemize the deductions in a written
agreement
◉ The addition of a sauna to the common area of a multitenant
development would be an example of
Answer: new construction
◉ A type of construction that proceeds as plans are being drawn is
called
, Answer: fast-track
◉ Life-cycle costing
Answer: considers both initial and operating costs over the useful
life of equipment
◉ The hiring and firing of maintenance personnel should be the
responsibility of the
Answer: property manager
◉ To command premium rental rates, a property manager might
operate with
Answer: all possible tenant services
◉ Preventative maintenance is aimed at
Answer: eliminating corrective maintenance costs
◉ Loss of building value resulting from postponing repairs, etc., is
called
Answer: deferred maintenance
◉ A contract for construction work typically states that
FINANCIAL MANAGEMENT AND
BUDGETING TEST 2026 FULL SOLUTION
GUIDE
◉ Three copies of an eviction notice should be prepared - one for the
tenant, one for the manager's attorney,
and the third for the
Answer: manager's file
◉ In most states, detailed and stringent security deposit statutes
have been passed. Which of the following is
a provision of these statutes?
Answer: The landlord must itemize the deductions in a written
agreement
◉ The addition of a sauna to the common area of a multitenant
development would be an example of
Answer: new construction
◉ A type of construction that proceeds as plans are being drawn is
called
, Answer: fast-track
◉ Life-cycle costing
Answer: considers both initial and operating costs over the useful
life of equipment
◉ The hiring and firing of maintenance personnel should be the
responsibility of the
Answer: property manager
◉ To command premium rental rates, a property manager might
operate with
Answer: all possible tenant services
◉ Preventative maintenance is aimed at
Answer: eliminating corrective maintenance costs
◉ Loss of building value resulting from postponing repairs, etc., is
called
Answer: deferred maintenance
◉ A contract for construction work typically states that
