DC PROPERTY MANAGERS STUDYS CORRECT
QUESTIONS AND ANSWERS SURE A+
✔✔The Rental Conversion and Sale Division (CASD) administers - ✔✔The Rental
Housing Conversion & Sale Act of 1980
✔✔Zoning Commission - ✔✔Regulates land uses through the use of zoning and
addresses height limitations, density, floor Area Ratios (FAR), set backs, parking
requirements, and green spaces
✔✔Rent control in the District of Columbia is covered under - ✔✔The Rental Housing
Act of 1985
✔✔The Rental Accommodations Division (RAD), Department of Housing and
Community Development (DHCD), & Housing Regulation Administration (HRA) is
responsible for - ✔✔Administering the Rental Housing Act of 1985.
✔✔Changes in ownership or management and all housing accommodations or rental
unit must be filed to include: rental units built after 1975, federally or District subsidized,
rental units that were vacant when the act took effect, a person who owns no more than
4 rental units. - ✔✔with RAD, Rental Accommodations Division within 30-days.
✔✔The District of Columbia Real Estate Commission - ✔✔protects consumers by
enforcing the laws and regulations applicable to property managers including licensure
✔✔The last increase in rent must have been - ✔✔12 months ago unless the unit is
vacant.
✔✔The housing provider must give a 30-day notice - ✔✔Before increasing rent
✔✔A tenant organization must set a date of election and notify the owner within -
✔✔30-days
, ✔✔The date of election must be held within - ✔✔60 days
✔✔The Conversion Sale & Regulatory Office shall schedule and conduct an election
within - ✔✔45 days
✔✔The owner must provide tenants of a housing accommodation how many days
notice of intent to convert to a cooperative or condo - ✔✔120 days
✔✔The owner should pay relocation expenses within - ✔✔7 days of receiving request
for payment.
✔✔The owner will a minimum of $125 up to a maximum of $500 for - ✔✔Relocation
expenses.
✔✔A request from an owner or tenant must be made in 15 days of the 30 day expiration
period allowed - ✔✔for the tenant organization to set a date for an election after
coordinating the date with the Conversion & Sales Regulatory Office.
✔✔ What does the term "Triple Net" mean when referring to commercial leases -
✔✔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 - ✔✔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........ - ✔✔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? - ✔✔When the owner leases a property, it temporarily
transfers to the tenant a portion of the right of possession.
✔✔Escalator Clause - ✔✔When multi-year leases contain a provision for the owner to
increase the rent on the lease's anniversary date.
✔✔Separation of Funds - ✔✔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 - ✔✔The property's long term planning, leasing and
asking rates, negotiates commercial leases, evaluates mortgages & opportunities to
QUESTIONS AND ANSWERS SURE A+
✔✔The Rental Conversion and Sale Division (CASD) administers - ✔✔The Rental
Housing Conversion & Sale Act of 1980
✔✔Zoning Commission - ✔✔Regulates land uses through the use of zoning and
addresses height limitations, density, floor Area Ratios (FAR), set backs, parking
requirements, and green spaces
✔✔Rent control in the District of Columbia is covered under - ✔✔The Rental Housing
Act of 1985
✔✔The Rental Accommodations Division (RAD), Department of Housing and
Community Development (DHCD), & Housing Regulation Administration (HRA) is
responsible for - ✔✔Administering the Rental Housing Act of 1985.
✔✔Changes in ownership or management and all housing accommodations or rental
unit must be filed to include: rental units built after 1975, federally or District subsidized,
rental units that were vacant when the act took effect, a person who owns no more than
4 rental units. - ✔✔with RAD, Rental Accommodations Division within 30-days.
✔✔The District of Columbia Real Estate Commission - ✔✔protects consumers by
enforcing the laws and regulations applicable to property managers including licensure
✔✔The last increase in rent must have been - ✔✔12 months ago unless the unit is
vacant.
✔✔The housing provider must give a 30-day notice - ✔✔Before increasing rent
✔✔A tenant organization must set a date of election and notify the owner within -
✔✔30-days
, ✔✔The date of election must be held within - ✔✔60 days
✔✔The Conversion Sale & Regulatory Office shall schedule and conduct an election
within - ✔✔45 days
✔✔The owner must provide tenants of a housing accommodation how many days
notice of intent to convert to a cooperative or condo - ✔✔120 days
✔✔The owner should pay relocation expenses within - ✔✔7 days of receiving request
for payment.
✔✔The owner will a minimum of $125 up to a maximum of $500 for - ✔✔Relocation
expenses.
✔✔A request from an owner or tenant must be made in 15 days of the 30 day expiration
period allowed - ✔✔for the tenant organization to set a date for an election after
coordinating the date with the Conversion & Sales Regulatory Office.
✔✔ What does the term "Triple Net" mean when referring to commercial leases -
✔✔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 - ✔✔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........ - ✔✔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? - ✔✔When the owner leases a property, it temporarily
transfers to the tenant a portion of the right of possession.
✔✔Escalator Clause - ✔✔When multi-year leases contain a provision for the owner to
increase the rent on the lease's anniversary date.
✔✔Separation of Funds - ✔✔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 - ✔✔The property's long term planning, leasing and
asking rates, negotiates commercial leases, evaluates mortgages & opportunities to
