FIN 336 Exam 2 || A Verified A+ Pass.
Since office property leases are usually for a number of years, a manager who doesn't want to get
locked in to too-low a rental rate is likely to include a/an:
A) noncompete clause
B) escalation clause
C) pass-through charge
D) tenant improvement allowance correct answers B) escalation clause
An office building is located in the densest part of the central business district. It has upper-end
finishes and state-of-the-art infrastructure, and its primary tenant is the headquarters of a regional
bank. This is most likely:
A) Class C Office Space
B) Class A Office Space
C) Class F Office Space
D) Class B Office Space correct answers B) Class A Office Space
A manager investigates how close his building is to the nearest subway station and to the nearest
public parking garage. He is performing:
A) neighborhood analysis
B) property analysis
C) regional analysis
D) market analysis correct answers A) neighborhood analysis
Which of the following is most likely to be considered Class C office space?
A) A recently-built mid-rise building with harbor views
B) An older, low-rise office building in a mostly industrial area
C) A well-landscaped office park along a suburban arterial
D) A historic landmark office tower in the central business district that has been recently
renovated correct answers B) An older, low-rise office building in a mostly industrial area
Property analysis might include all of the following, except:
A) age and square footage of the building
B) tenant satisfaction with current management
C) telecommunications infrastructure
D) Rental rates in adjacent buildings correct answers D) Rental rates in adjacent buildings
Which source of information about rental payments is organized with a separate page for each
unit or space, rather than for each tenant?
A) Rent Roll
, B) Lease Summary
C) Rental Schedule
D) Rental Ledger correct answers A) Rent Roll
A self-help eviction would occur when:
A) an apartment's vermin problem deteriorates to the point that the tenant is justified in
withholding rent
B) a landlord files an unlawful detainer action, and gets a writ of possession awarded by the
court
C) a landlord cuts off a delinquent tenant's heat and electricity to drive him out
D) All of the above correct answers C) A landlord cuts off a delinquent tenant's heat and
electricity to drive him out
Who might file an unlawful detainer action?
A) A manager whose tenant has begun an illegal use involving hazardous chemicals
B) A manager whose tenant has not paid rent in several months and has not responded to a notice
to cure or quit
C) A tenant whose manager has not addressed frequent complaints about the heat not working
D) Either A or B correct answers D) Either A or B
A manager whose tenant has begun an illegal involving hazardous chemicals OR a manager
whose tenant has not paid rent in several months and has not responded to a notice to cure or quit
The Belladonna Apartments consists of a complex of eight buildings, each two stories tall,
located on a nicely landscaped lot in a suburban area. The advertising is pitched largely toward
families with children. It would be considered:
A) A mid-rise building
B) A traditional building
C) lofts
D) garden apartment correct answers D) garden apartment
A credit report contains information on all of the following, except the applicant's:
A) bankruptcy filings
B) unpaid utility bills
C) credit scores
D) outstanding court judgements correct answers B) unpaid utility bills
A residential landlord would like to prevent her tenants from situations where, for instance, they
might leave the premises in the middle of a lease and have a friend take over the unit and the
payments for the rest of the lease term. The landlord would use a clause preventing:
A) novation
Since office property leases are usually for a number of years, a manager who doesn't want to get
locked in to too-low a rental rate is likely to include a/an:
A) noncompete clause
B) escalation clause
C) pass-through charge
D) tenant improvement allowance correct answers B) escalation clause
An office building is located in the densest part of the central business district. It has upper-end
finishes and state-of-the-art infrastructure, and its primary tenant is the headquarters of a regional
bank. This is most likely:
A) Class C Office Space
B) Class A Office Space
C) Class F Office Space
D) Class B Office Space correct answers B) Class A Office Space
A manager investigates how close his building is to the nearest subway station and to the nearest
public parking garage. He is performing:
A) neighborhood analysis
B) property analysis
C) regional analysis
D) market analysis correct answers A) neighborhood analysis
Which of the following is most likely to be considered Class C office space?
A) A recently-built mid-rise building with harbor views
B) An older, low-rise office building in a mostly industrial area
C) A well-landscaped office park along a suburban arterial
D) A historic landmark office tower in the central business district that has been recently
renovated correct answers B) An older, low-rise office building in a mostly industrial area
Property analysis might include all of the following, except:
A) age and square footage of the building
B) tenant satisfaction with current management
C) telecommunications infrastructure
D) Rental rates in adjacent buildings correct answers D) Rental rates in adjacent buildings
Which source of information about rental payments is organized with a separate page for each
unit or space, rather than for each tenant?
A) Rent Roll
, B) Lease Summary
C) Rental Schedule
D) Rental Ledger correct answers A) Rent Roll
A self-help eviction would occur when:
A) an apartment's vermin problem deteriorates to the point that the tenant is justified in
withholding rent
B) a landlord files an unlawful detainer action, and gets a writ of possession awarded by the
court
C) a landlord cuts off a delinquent tenant's heat and electricity to drive him out
D) All of the above correct answers C) A landlord cuts off a delinquent tenant's heat and
electricity to drive him out
Who might file an unlawful detainer action?
A) A manager whose tenant has begun an illegal use involving hazardous chemicals
B) A manager whose tenant has not paid rent in several months and has not responded to a notice
to cure or quit
C) A tenant whose manager has not addressed frequent complaints about the heat not working
D) Either A or B correct answers D) Either A or B
A manager whose tenant has begun an illegal involving hazardous chemicals OR a manager
whose tenant has not paid rent in several months and has not responded to a notice to cure or quit
The Belladonna Apartments consists of a complex of eight buildings, each two stories tall,
located on a nicely landscaped lot in a suburban area. The advertising is pitched largely toward
families with children. It would be considered:
A) A mid-rise building
B) A traditional building
C) lofts
D) garden apartment correct answers D) garden apartment
A credit report contains information on all of the following, except the applicant's:
A) bankruptcy filings
B) unpaid utility bills
C) credit scores
D) outstanding court judgements correct answers B) unpaid utility bills
A residential landlord would like to prevent her tenants from situations where, for instance, they
might leave the premises in the middle of a lease and have a friend take over the unit and the
payments for the rest of the lease term. The landlord would use a clause preventing:
A) novation
