SC PROPERTY MANAGEMENT 2025/2026 QUESTIONS
WITH ANSWERS RATED A+
✔✔hold over tenant - ✔✔tenant who continues to reside on premisses after lease is
over, with out permission of owner
✔✔types of leases - ✔✔gross lease, net lease and percentage lease
✔✔gross lease - ✔✔tenant pays lease, owner pays all other expenses property,
typically residential leases
✔✔net lease - ✔✔tenant pays rent and part or all expenses of the property. Typically
industrial, the more net, the more tenants pay.
✔✔percentage lease - ✔✔tenant pays rent AND a % of their gross receipts or
sales...landlord can lookout books to see if they are getting correct amount
✔✔recapture clause - ✔✔landlord can call lease null and void if tenant does not pay the
% of sales
✔✔usery - ✔✔charge more interest law allows
✔✔statues of fraud - ✔✔prevent arguments or disputes over oral agreements
✔✔lease - ✔✔a contract, a legally binding contract thus can be legally enforced.
a year or less is legal if oral
✔✔basic elements of a lease - ✔✔complete legal names of both parties, description of
property, terms of lease, amount of rent, time method of payment, use of premisses,
rights and obligations of both parties and possession of premisses
✔✔lease requires to have - ✔✔both parties have to have capacity to be legally
competent, must reach mutual accord, must have legality of purpose and must be valid
consideration given.
✔✔2 types of consideration - ✔✔valuable (money or monetary value) and good (of
value but not monetary love)
✔✔valid lease - ✔✔has all the essential elements and can be enforced
✔✔void lease - ✔✔is missing one or more elements, not considered a contract so not
enforceable
, ✔✔Voidable lease - ✔✔may or may not be able to enforce, has all the element but party
may come back and recant/ ex 17 year old...only tenant can enforce
✔✔unenforceable lease - ✔✔it is legal all the elements are present but can not be
enforced, not in writing. *except when it is a year or less
✔✔type of payment options/leases - ✔✔step up clause, index lease, escalation clause,
percentage lease, reappraisal lease,
✔✔step up clause - ✔✔long term lease that rent increases over time.
✔✔index lease - ✔✔leases tied to an index CPI and is sporadically evaluated to see if it
need to increase, typical office space, could be net or gross lease
✔✔escalation clause - ✔✔tied to outside forces, rent goes up if utilities go up, long term
business/office spaces. mutual agreement
✔✔reappraisal lease - ✔✔agreement rent will be determined by independent appraiser.
need to very CLEAR and unambiguous.
✔✔condemnation - ✔✔denied use of property because appropriated or condemned by
owner
✔✔eminent domain - ✔✔government right to take private property for public good, use
condemnation to do so.
✔✔Subletting - ✔✔transfer of some of tenants interest, can do w/o permission if not on
lease
✔✔assignment - ✔✔transfer of ALL the tenants interest, if not on lease they can assign
unit to someone else w/o permission.
✔✔fixture - ✔✔personal property attached to property, which then becomes part of real
property
✔✔Chattel fixture - ✔✔personal property put in by tenant to make their business better,
intention not to become part of property, they can take it with them. commercial leases.
✔✔actual eviction - ✔✔forcible removal of tenant by an officer of the court after
judgment has been issued against them
✔✔constructive eviction - ✔✔when owner doesn't hold their part of the lease the tenant
can walk out with notice
WITH ANSWERS RATED A+
✔✔hold over tenant - ✔✔tenant who continues to reside on premisses after lease is
over, with out permission of owner
✔✔types of leases - ✔✔gross lease, net lease and percentage lease
✔✔gross lease - ✔✔tenant pays lease, owner pays all other expenses property,
typically residential leases
✔✔net lease - ✔✔tenant pays rent and part or all expenses of the property. Typically
industrial, the more net, the more tenants pay.
✔✔percentage lease - ✔✔tenant pays rent AND a % of their gross receipts or
sales...landlord can lookout books to see if they are getting correct amount
✔✔recapture clause - ✔✔landlord can call lease null and void if tenant does not pay the
% of sales
✔✔usery - ✔✔charge more interest law allows
✔✔statues of fraud - ✔✔prevent arguments or disputes over oral agreements
✔✔lease - ✔✔a contract, a legally binding contract thus can be legally enforced.
a year or less is legal if oral
✔✔basic elements of a lease - ✔✔complete legal names of both parties, description of
property, terms of lease, amount of rent, time method of payment, use of premisses,
rights and obligations of both parties and possession of premisses
✔✔lease requires to have - ✔✔both parties have to have capacity to be legally
competent, must reach mutual accord, must have legality of purpose and must be valid
consideration given.
✔✔2 types of consideration - ✔✔valuable (money or monetary value) and good (of
value but not monetary love)
✔✔valid lease - ✔✔has all the essential elements and can be enforced
✔✔void lease - ✔✔is missing one or more elements, not considered a contract so not
enforceable
, ✔✔Voidable lease - ✔✔may or may not be able to enforce, has all the element but party
may come back and recant/ ex 17 year old...only tenant can enforce
✔✔unenforceable lease - ✔✔it is legal all the elements are present but can not be
enforced, not in writing. *except when it is a year or less
✔✔type of payment options/leases - ✔✔step up clause, index lease, escalation clause,
percentage lease, reappraisal lease,
✔✔step up clause - ✔✔long term lease that rent increases over time.
✔✔index lease - ✔✔leases tied to an index CPI and is sporadically evaluated to see if it
need to increase, typical office space, could be net or gross lease
✔✔escalation clause - ✔✔tied to outside forces, rent goes up if utilities go up, long term
business/office spaces. mutual agreement
✔✔reappraisal lease - ✔✔agreement rent will be determined by independent appraiser.
need to very CLEAR and unambiguous.
✔✔condemnation - ✔✔denied use of property because appropriated or condemned by
owner
✔✔eminent domain - ✔✔government right to take private property for public good, use
condemnation to do so.
✔✔Subletting - ✔✔transfer of some of tenants interest, can do w/o permission if not on
lease
✔✔assignment - ✔✔transfer of ALL the tenants interest, if not on lease they can assign
unit to someone else w/o permission.
✔✔fixture - ✔✔personal property attached to property, which then becomes part of real
property
✔✔Chattel fixture - ✔✔personal property put in by tenant to make their business better,
intention not to become part of property, they can take it with them. commercial leases.
✔✔actual eviction - ✔✔forcible removal of tenant by an officer of the court after
judgment has been issued against them
✔✔constructive eviction - ✔✔when owner doesn't hold their part of the lease the tenant
can walk out with notice
