Property Management SC Exam Questions And Answers Latest Update
Property Management SC Exam Questions
And Answers Latest Update
G leased a commercial building to S for ten years. After six months S moved out
without notice. G advertised for a tenant. G's actions relate to: - ✔✔✔-Mitigation of
Damages
The landlord advises the tenant that in a few months the city is going to demolish
the apartment builsing to make way for a new expressway. The landlord and the
tenant agree that the tenant can stay on until the demoltion begins. This is an
example of? - ✔✔✔-Tenancy at Will
A parcel of leased property is sold and the tenant recoginzes the new lanlord by
sending the rent to the new landlord. The tenant is said to have gone thorugh an
act of? - ✔✔✔-Attornment
A lease would be terminated by all of the following EXCEPT? - ✔✔✔-The tenant
vacating the property
The primary purpose of an escrow/trust account is to? - ✔✔✔-Hold, Account for and
protect third party monies
Tenants sometimes enter into a lease, and at the end of the lease fail to vacate the
property. Such tenant is legally known as a/an? - ✔✔✔-Tenant at Sufferance
The landlord's right to take possesion of the property at the end of the lease is
called? - ✔✔✔-Revisonary right
Under the terms of net lease, the tenant? - ✔✔✔-Is usually responsible for paying
charges such as taxes and insurance on the leased property.
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, Property Management SC Exam Questions And Answers Latest Update
Smiley rented a storefront to Omega Clothiers on a percentage lease. The rent will
be based on? - ✔✔✔-Omega's gross sales
Which statement about a Lead Paint disclosure would be correct? - ✔✔✔-It applies
to housing built before 1978
In South Carolina, if the landlord and the tenant do not agree to the terms of
tenancy, the tenancy is: - ✔✔✔-Month-to-Month Tenancy
The practice of unfair methods of competition, and unfair or deceptive acts is
forbidden by? - ✔✔✔-antitrust laws
An attempt to induce, for profit, any person to rent any dwelling by making claims
that personof a particular minority status may be moving into the neighborhood is?
- ✔✔✔-Blockbusting
An instrument that transfers possesion without transferring title is a/an? - ✔✔✔-
Lease
A lease for 50 years would be considered? - ✔✔✔-Personal Property
Which of the following does NOT apply to a leashold estate? - ✔✔✔-Tenancy in
Common
To be binding and enforceable it is best to have the lease signed by the? - ✔✔✔-
Lessor and Lessee
When a property manager, in the role of risk manager, buys insurance he is using
which risk management technique? - ✔✔✔-Trasnferring the risk
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Property Management SC Exam Questions
And Answers Latest Update
G leased a commercial building to S for ten years. After six months S moved out
without notice. G advertised for a tenant. G's actions relate to: - ✔✔✔-Mitigation of
Damages
The landlord advises the tenant that in a few months the city is going to demolish
the apartment builsing to make way for a new expressway. The landlord and the
tenant agree that the tenant can stay on until the demoltion begins. This is an
example of? - ✔✔✔-Tenancy at Will
A parcel of leased property is sold and the tenant recoginzes the new lanlord by
sending the rent to the new landlord. The tenant is said to have gone thorugh an
act of? - ✔✔✔-Attornment
A lease would be terminated by all of the following EXCEPT? - ✔✔✔-The tenant
vacating the property
The primary purpose of an escrow/trust account is to? - ✔✔✔-Hold, Account for and
protect third party monies
Tenants sometimes enter into a lease, and at the end of the lease fail to vacate the
property. Such tenant is legally known as a/an? - ✔✔✔-Tenant at Sufferance
The landlord's right to take possesion of the property at the end of the lease is
called? - ✔✔✔-Revisonary right
Under the terms of net lease, the tenant? - ✔✔✔-Is usually responsible for paying
charges such as taxes and insurance on the leased property.
©®™ Page 1
, Property Management SC Exam Questions And Answers Latest Update
Smiley rented a storefront to Omega Clothiers on a percentage lease. The rent will
be based on? - ✔✔✔-Omega's gross sales
Which statement about a Lead Paint disclosure would be correct? - ✔✔✔-It applies
to housing built before 1978
In South Carolina, if the landlord and the tenant do not agree to the terms of
tenancy, the tenancy is: - ✔✔✔-Month-to-Month Tenancy
The practice of unfair methods of competition, and unfair or deceptive acts is
forbidden by? - ✔✔✔-antitrust laws
An attempt to induce, for profit, any person to rent any dwelling by making claims
that personof a particular minority status may be moving into the neighborhood is?
- ✔✔✔-Blockbusting
An instrument that transfers possesion without transferring title is a/an? - ✔✔✔-
Lease
A lease for 50 years would be considered? - ✔✔✔-Personal Property
Which of the following does NOT apply to a leashold estate? - ✔✔✔-Tenancy in
Common
To be binding and enforceable it is best to have the lease signed by the? - ✔✔✔-
Lessor and Lessee
When a property manager, in the role of risk manager, buys insurance he is using
which risk management technique? - ✔✔✔-Trasnferring the risk
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