DC PROPERTY MANAGERS STUDY
GUIDE 2025 QUESTIONS AND
ANSWERS
What does the term "Triple Net" mean when referring to commercial leases -
....ANSWER ...-refers to commercial tenant paying ALL Operating
Expenses including real estate taxes, insurance, roof maintenance, landscaping, etc.
This is the most commonly found in industrial leases.
Percentage Lease - ....ANSWER ...-A lease, that requires tenant to pay rent
based on a calculation that relates directly to the tenant's gross sales. Usually
stipulates a base monthly rental plus a percentage of any gross sales above a certain
amount.
The rights of a property owner include........ - ....ANSWER ...-The right of
possession, the right of control, the right of exclusion, the right of enjoyment, the
right to sell.
What is a Leasehold Interest? - ....ANSWER ...-When the owner leases a
property, it temporarily transfers to the tenant a portion of the right of possession.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, Escalator Clause - ....ANSWER ...-When multi-year leases contain a
provision for the owner to increase the rent on the lease's anniversary date.
Separation of Funds - ....ANSWER ...-Funds must be kept separate from
property manager's accounts. Funds that the property generates belong to the
owner and should be deposited into owner's account.
Asset Management focuses on - ....ANSWER ...-The property's long term
planning, leasing and asking rates, negotiates commercial leases, evaluates
mortgages & opportunities to refinance the loan,considers strategies to maximize
value and when to market the property for sale.
What common method is used to determine a property's Investment Value? -
....ANSWER ...-Net Operating Income is divided by the Capitalization Rate
(NOI/Cap Rate= Value)
What are the four categories related to Maintenance? - ....ANSWER ...-
Curative, Deferred, Routine, & Prevenative
Curative Maintenance involves...... - ....ANSWER ...-Fixing or repairing
something after it has already broken. An example would be fixing a broken sink
Deffered Maintenance - ....ANSWER ...-Involves delaying needed repairs
and maintenance to save money.Is an ordinary maintenance item that is not
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
GUIDE 2025 QUESTIONS AND
ANSWERS
What does the term "Triple Net" mean when referring to commercial leases -
....ANSWER ...-refers to commercial tenant paying ALL Operating
Expenses including real estate taxes, insurance, roof maintenance, landscaping, etc.
This is the most commonly found in industrial leases.
Percentage Lease - ....ANSWER ...-A lease, that requires tenant to pay rent
based on a calculation that relates directly to the tenant's gross sales. Usually
stipulates a base monthly rental plus a percentage of any gross sales above a certain
amount.
The rights of a property owner include........ - ....ANSWER ...-The right of
possession, the right of control, the right of exclusion, the right of enjoyment, the
right to sell.
What is a Leasehold Interest? - ....ANSWER ...-When the owner leases a
property, it temporarily transfers to the tenant a portion of the right of possession.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, Escalator Clause - ....ANSWER ...-When multi-year leases contain a
provision for the owner to increase the rent on the lease's anniversary date.
Separation of Funds - ....ANSWER ...-Funds must be kept separate from
property manager's accounts. Funds that the property generates belong to the
owner and should be deposited into owner's account.
Asset Management focuses on - ....ANSWER ...-The property's long term
planning, leasing and asking rates, negotiates commercial leases, evaluates
mortgages & opportunities to refinance the loan,considers strategies to maximize
value and when to market the property for sale.
What common method is used to determine a property's Investment Value? -
....ANSWER ...-Net Operating Income is divided by the Capitalization Rate
(NOI/Cap Rate= Value)
What are the four categories related to Maintenance? - ....ANSWER ...-
Curative, Deferred, Routine, & Prevenative
Curative Maintenance involves...... - ....ANSWER ...-Fixing or repairing
something after it has already broken. An example would be fixing a broken sink
Deffered Maintenance - ....ANSWER ...-Involves delaying needed repairs
and maintenance to save money.Is an ordinary maintenance item that is not
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
