NC Post-Licensing Section 302
Questions and Answers Already Passed
What is the primary role of a property manager in tenant relations?
✔✔ To ensure tenants' needs are addressed and manage any issues or complaints.
What is typically included in a property management agreement?
✔✔ Responsibilities of the property manager, management fees, and terms of service.
How should rent collection be handled by a property manager?
✔✔ Rent should be collected on a regular schedule as specified in the lease agreement and
recorded properly.
What is the purpose of a lease renewal option in a rental agreement?
✔✔ To give tenants the option to extend their lease for an additional term under specified
conditions.
What is required for a landlord to legally terminate a lease?
✔✔ The landlord must provide proper notice as specified in the lease agreement and local laws.
1
,What should a property manager do if maintenance issues are reported by a tenant?
✔✔ Address and resolve the maintenance issues promptly and keep the tenant informed of the
progress.
What is the significance of conducting regular property inspections?
✔✔ To ensure the property is well-maintained and to identify any potential issues before they
become major problems.
How should a property manager handle security deposits?
✔✔ Security deposits should be held in a separate escrow account and returned to the tenant
according to the terms of the lease and local regulations.
What is the role of a property manager in tenant screening?
✔✔ To evaluate potential tenants through background checks, credit reports, and rental history
to ensure they meet the property’s criteria.
What action should a property manager take if a tenant is consistently late with rent payments?
2
, ✔✔ Review the lease agreement for terms related to late payments, communicate with the tenant
about the issue, and follow legal procedures if necessary.
What is a key responsibility of a property manager regarding lease agreements?
✔✔ To ensure that lease agreements are properly drafted, executed, and adhered to by both
parties.
How should a property manager handle evictions?
✔✔ Follow legal procedures and local regulations to process the eviction and ensure all steps are
properly documented.
What should be included in a move-in inspection report?
✔✔ Documentation of the property's condition, including any existing damages or issues, and
confirmation of the tenant's receipt of the report.
What is the purpose of regular financial reporting by a property manager?
✔✔ To provide the property owner with an accurate account of income and expenses related to
the property.
3
Questions and Answers Already Passed
What is the primary role of a property manager in tenant relations?
✔✔ To ensure tenants' needs are addressed and manage any issues or complaints.
What is typically included in a property management agreement?
✔✔ Responsibilities of the property manager, management fees, and terms of service.
How should rent collection be handled by a property manager?
✔✔ Rent should be collected on a regular schedule as specified in the lease agreement and
recorded properly.
What is the purpose of a lease renewal option in a rental agreement?
✔✔ To give tenants the option to extend their lease for an additional term under specified
conditions.
What is required for a landlord to legally terminate a lease?
✔✔ The landlord must provide proper notice as specified in the lease agreement and local laws.
1
,What should a property manager do if maintenance issues are reported by a tenant?
✔✔ Address and resolve the maintenance issues promptly and keep the tenant informed of the
progress.
What is the significance of conducting regular property inspections?
✔✔ To ensure the property is well-maintained and to identify any potential issues before they
become major problems.
How should a property manager handle security deposits?
✔✔ Security deposits should be held in a separate escrow account and returned to the tenant
according to the terms of the lease and local regulations.
What is the role of a property manager in tenant screening?
✔✔ To evaluate potential tenants through background checks, credit reports, and rental history
to ensure they meet the property’s criteria.
What action should a property manager take if a tenant is consistently late with rent payments?
2
, ✔✔ Review the lease agreement for terms related to late payments, communicate with the tenant
about the issue, and follow legal procedures if necessary.
What is a key responsibility of a property manager regarding lease agreements?
✔✔ To ensure that lease agreements are properly drafted, executed, and adhered to by both
parties.
How should a property manager handle evictions?
✔✔ Follow legal procedures and local regulations to process the eviction and ensure all steps are
properly documented.
What should be included in a move-in inspection report?
✔✔ Documentation of the property's condition, including any existing damages or issues, and
confirmation of the tenant's receipt of the report.
What is the purpose of regular financial reporting by a property manager?
✔✔ To provide the property owner with an accurate account of income and expenses related to
the property.
3
