CALP EXAM FINAL PAPER EXAMPREP COMPLETE QUESTIONS AND ANSWERS VIEW AHEAD STUDY SHEET

CALP EXAM FINAL PAPER EXAMPREP
COMPLETE QUESTIONS AND ANSWERS
VIEW AHEAD STUDY SHEET


◉ Your manager is considering a leasing incentive on 12 month
leases. Which would offer the higher effective rent - Two weeks free
on a 2/1 leasing for $1250 or one month free on a 2/1 leasing for
$1275?


a. the $1250 unit
b. The $1275 unit
c. they are the same
d. No concession would offer the highest effective rent. Answer: A.
The $1250 unit


2 weeks free-->
1250/2= 625 /12= 52.08 --> 1250-52.08= $1197.92


1 month free -->
1275/12=106.25
1275-106.25= $1168.75

, ◉ Which of the following communities has the higher total monthly
market rent?


Property A - 24 units @ $985; 48 units @ $1345; 36 units @ $2230
Property B - 36 units @ $885; 36 units @ $1265; 24 units @ $2250
Property C - 48 units @ $875; 18 units @ $1385; 22 units @ $2495.
Answer: Property A.


Property A --> 24*985=23640; 48*1345=64560; 36*2230=80280
TOTAL: 168,480


Property B --> 36*885=31860; 36*1265= 45540; 24*2550=61200
TOTAL: 138600


Property C --> 48*875=42000; 18*1385=24930; 22*2495=54890
TOTAL: 121820


◉ What is the rent per square foot for a 1/1 unit of 657 sf priced for
$1015?


a. $1.75
b. $1.54
c. $1.36
d. $1.48. Answer: B. $1.54